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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 $140,000. Overhead totaled
Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $140,000. Overhead totaled $360,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 $120,000 Work in process $60,000 $80,000 Finished goods $75,000 $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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