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Use the following information to answer the five questions in the Quiz: The Zoe Corporatio

Use the following information to answer the five questions in the Quiz: The Zoe Corporatio

1. Use the following information to answer the five questions in the Quiz: The Zoe Corporation has the following information for the month March. 

Cost of materials placed in production

$69,000

Direct labor

27,000

Factory overhead

34,000

Work in process, March 1

15,000

Work in process, March 31

19,500

Finished goods inventory, March 1

25,000

Finished goods inventory, March 31

23,000



What are the Total Manufacturing Costs Added? (Points : 3)

$69,000
$27,000
$15,000
$130,000

 

Question 2.2. Use the following information to answer the five questions in the Quiz: The Zoe Corporation has the following information for the month March. 

Cost of materials placed in production

$69,000

Direct labor

27,000

Factory overhead

34,000

Work in process, March 1

15,000

Work in process, March 31

19,500

Finished goods inventory, March 1

25,000

Finished goods inventory, March 31

23,000



What are the Cost of Finished Goods Available for Sale? (Points : 3)

$125,500
$150,500
$127,500
$130,000

 

Question 3.3. Use the following information to answer the five questions in the Quiz: The Zoe Corporation has the following information for the month March. 

Cost of materials placed in production

$69,000

Direct labor

27,000

Factory overhead

34,000

Work in process, March 1

15,000

Work in process, March 31

19,500

Finished goods inventory, March 1

25,000

Finished goods inventory, March 31

23,000



What are the Cost of Goods Sold? (Points : 3)

$130,000
$127,500
$125,500
$150,500

 

Question 4.4. Use the following information to answer the five questions in the Quiz: The Zoe Corporation has the following information for the month March. 

Cost of materials placed in production

$69,000

Direct labor

27,000

Factory overhead

34,000

Work in process, March 1

15,000

Work in process, March 31

19,500

Finished goods inventory, March 1

25,000

Finished goods inventory, March 31

23,000



What are the Costs of Goods Manufactured? (Points : 3)

$130,000
$145,000
$125,500
$69,000

 

Question 5.5. Use the following information to answer the five questions in the Quiz: The Zoe Corporation has the following information for the month March. 

Cost of materials placed in production

$69,000

Direct labor

27,000

Factory overhead

34,000

Work in process, March 1

15,000

Work in process, March 31

19,500

Finished goods inventory, March 1

25,000

Finished goods inventory, March 31

23,000



To determine Cost of Goods Manufactured, which of the following items would be unnecessary? (Points : 3)

Work in process inventory, March 31
Finished goods inventory, March 31
Cost of Materials Placed in Production
Direct Labor
Roshan kumar 08-Nov-2017

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