Question
In Lauren Ashley Company purchased costing $230,000 and Incurred direct labor cost of $150,000. Overhead totaled $375,000 for the month. Information on inventories was as
In Lauren Ashley Company purchased costing $230,000 and Incurred direct labor cost of $150,000. Overhead totaled $375,000 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 |
What was the cost of goods sold for September?
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
