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Can someone help me solve this problem and explain how they did it? I am stuck on the last few problems of this assignment. Thanks,
Can someone help me solve this problem and explain how they did it?
I am stuck on the last few problems of this assignment. Thanks,
Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $150,000. Overhead totaled $365,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $100,000 $120,000 Work in process $70,000 $90,000 Finished goods $75,000 $70,000 Required: 1. What was the cost of direct materials used in September? $ 170,000 x 2. What was the total manufacturing cost in September? $ 200,000 x 3. What was the cost of goods manufactured for September? FeedbackStep by Step Solution
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