Question
Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $130,000. Overhead totaled $375,000 for the
Cost of Goods Sold
In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $130,000. 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 |
Required:
What was the cost of goods sold for September? $fill in the blank 1
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
8th edition
1259917061, 978-1259917066
