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Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $210,000 and incurred direct labor cost of $130,000. Overhead totaled
Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $210,000 and incurred direct labor cost of $130,000. Overhead totaled $310,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 $130,000 Work in process $100,000 $60,000 Finished goods $60,000 $65,000 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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