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Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $190,000 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 $190,000 and incurred direct labor cost of $130,000. Overhead totaled $360,000 for the month. Information on inventories was as follows:
September 1 | September 30 | ||
Materials | $150,000 | $100,000 | |
Work in process | 80,000 | 90,000 | |
Finished goods | 65,000 | 70,000 |
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
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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