Question
In September, Lauren Ashley Company purchased materials costing $160,000 and incurred direct labor cost of $130,000. Overhead totaled $350,000 for the month. Information on inventories
In September, Lauren Ashley Company purchased materials costing $160,000 and incurred direct labor cost of $130,000. Overhead totaled $350,000 for the month. Information on inventories was as follows:
September 1September 30Materials$120,000$130,000Work in process80,00090,000Finished goods70,00065,000
Required:
What was the cost of goods sold for September?
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Financial Accounting
Authors: Carl Warren
13th Edition
1133607616, 978-1133607618
