Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $250,000 and incurred direct labor cost of $140,000. Overhead totaled $300,000 for the month. Information on inventories was as follows: September 1 Materials $120,000 September 30 $130,000 90,000 80,000 Work in process Finished goods 70,000 65,000 Required: What was the cost of goods sold for September? TO Check My Work more Check My Work uses Previous Next