Question
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
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 | $132,500 |
| Work in process | 77,000 | 90,000 |
| Finished goods | 70,000 | 74,800 |
Prepare a Manufacturing Cost of Goods Sold Section.
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Cost Accounting
Authors: William K. Carter
14th edition
759338094, 978-0759338098
