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Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $130,000, Overhead
Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $130,000, Overhead totaled $350,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $140,000 $100,000 Work in process $80,000 $80,000 Finished goods $70,000 $60,000 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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