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In September, Lauren Ashley Company purchased materials costing $170,000 and incurred direct labor cost of $110,000. Overhead totaled $400,000 for the month. Information on inventories

In September, Lauren Ashley Company purchased materials costing $170,000 and incurred direct labor cost of $110,000. Overhead totaled $400,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 $130,000 Work in process 80,000 90,000 Finished goods 70,000 65,000 Required: What was the cost of goods sold for September

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