Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $230,000 and incurred direct labor cost of $100,000. Overhead totaled $325,000 for the month. Diformation on inventories was follow September 1 September 30 Materials $120,000 $130,000 Work in process 80,000 90,000 Finished goods 70,000 65,000 Required: What was the cost of goods sold for September?