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In September, Lauren Ashley Company purchased materials costing $200,000 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 $200,000 and incurred direct labor cost of $130,000. Overhead totaled $350,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 $120,000 Work in process $70,000 $100,000 Finished goods $80,000 $75,000
In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $130,000. Overhead totaled $350,000 for the month. Information on inventories was as follows: Materials Work in process Finished goods Required: September 1 September 30 $120,000 $70,000 $80,000 $120,000 $100,000 $75,000 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 SeptemberStep by Step Solution
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