1. In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $120,000. Overhead totaled $325,000 for the month. Information on inventories was as follows:

September 1 September 30

Materials $120,000 $129,800

Work in process $81,200 $90,000

Finished goods $70,000 $66,800

1. What was the cost of direct materials used in September?

Raw Materials for September 1=120,000

Raw materials purchases=+200,000

Total Raw Materials=320,000

Raw Materials for September 30= -129,800

Cost of direct materials used=$190,200

2. What was the total manufacturing cost in September?

Cost of direct materials used=190,200

Direct labor =+120,000

Manufacturing overhead costs =+325,000

Total manufacturing costs =$635,200

3. What was the cost of goods manufactured for September?

Total manufacturing costs =635,200

Work-in-process for September 1=+81,200

Work-in-process for September 30= -90,000

Cost of goods manufactured=$626,400

Using that information and the example format from the Module 3 Lecture, prepare a Manufacturing Cost of Goods Sold Section.