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Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $180,000 and incurred direct labor cost of $110,000. Overhead totaled
Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $180,000 and incurred direct labor cost of $110,000. Overhead totaled $355,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 $100,000 Work in process $70,000 $100,000 Finished goods $80,000 $70,000 Required: 1. What was the cost of direct materials used in September ? 2. What was the total manufacturing cost in September? 3. What was the cost of goods manufactured for September
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