Zoe Corporation Has the Following Information for the Month of March

question 25

Essay

Zoe Corporation has the following information for the month of March. Determine the (a) cost of goods manufactured and (b) cost of goods sold. $\begin{array}{lr}\text { Cost of materials used in production } & \$ 69,000 \\\text { Direct labor } & 27,000 \\\text { Factory overhead } & 34,000 \\\text { Work in process inventory, March 1 } & 15,000 \\\text { Work in process inventory, March 31 } & 19,500 \\\text { Finished goods inventory, March 1 } & 25,000 \\\text { Finished goods inventory, March 31 } & 23,000\end{array}$

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Definitions:

Convergent Evolution

The process by which unrelated or distantly related organisms evolve similar physical features independently, due to adaptation to similar environments or ecological niches.

Biodiversity

The variety and variability of life forms within a given ecosystem, bioregion, or on the entire Earth, essential for ecosystem health and resilience.

Speciation

The evolutionary process by which new biological species arise due to factors such as geographic isolation or genetic divergence.

Fossil Record

The accumulation of evidence from preserved remains or impressions of organisms from past geologic ages.