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In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $110,000. Overhead totaled $340,000 for the month. Information on inventories
In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $110,000. Overhead totaled $340,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $110,000 $110,000 Work in process $90,000 $100,000 Finished goods $80,000 $70,000
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