Refer to the information for Lauren Ashley above. In September, Lauren Ashley Company purchased materials costing $200,000
Question:
Refer to the information for Lauren Ashley above.
In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $120,000. Overhead totaled $325,000 for the month. Information on inventories was as follows:
September 1 September 30
Materials.....................$120,000..................$130,000
Work in process................80,000.....................90,000
Finished goods.................70,000.....................65,000
Required:
1. What was the cost of direct materials used in September?
2. What was the total manufacturing cost in September?
3. What was the cost of goods manufactured for September?
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Related Book For
Managerial Accounting The Cornerstone of Business Decision Making
ISBN: 978-1337115773
7th edition
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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