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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 $140,000. 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 $140,000. Overhead totaled $315,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 $150,000 Work in process $100,000 $60,000 Finished goods $70,000 $70,000 Required: 1. What was the cost of direct materials used in September ? $fill in the blank 1 2. What was the total manufacturing cost in September ? $fill in the blank 2 3. What was the cost of goods manufactured for September
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