Zoe Corporation has the following information for the month of March: 
Prepare a) a schedule of cost of goods manufactured, b) an income statement for the month ended March 31, and c) the inventory section of the balance sheet.
Definitions:
Consumer Surplus
The gap between what consumers are prepared to pay for a good or service and what they actually do pay.
Binding Price Floor
A minimum price set by the government for certain goods and services that is above the equilibrium price, causing a surplus.
Unwanted Surplus
An excess of goods that exceeds consumer demand, leading to unsold stock and potential waste.
Inefficiencies
Refers to situations where resources are not used in the most effective way, leading to waste or lost potential benefit.
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