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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 $150,000. 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 $150,000. Overhead totaled $325,000 for the month. Information on inventories was as follows:
September 1 | September 30 | ||
Materials | $130,000 | $110,000 | |
Work in process | $90,000 | $70,000 | |
Finished goods | $80,000 | $75,000 |
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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