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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 $150,000. 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 $150,000. Overhead totaled $325,000 for the month. Information on inventories was as follows:
September 1 September 30
Materials $130,000 $150,000
Work in process $70,000 $100,000
Finished goods $60,000 $75,000
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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