Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In September, Lauren Ashley Company purchased materials costing $210,000 and incurred direct labor cost of $140,000. Overhead totaled $325,000 for the month. Information on
In September, Lauren Ashley Company purchased materials costing $210,000 and incurred direct labor cost of $140,000. Overhead totaled $325,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $150,000 $130,000 Work in process $60,000 $90,000 Finished goods $75,000 $60,000 Required: 1. What was the cost of direct materials used in September ? 230,000 2. What was the total manufacturing cost in September? X 3. What was the cost of goods manufactured for September ?
Step by Step Solution
★★★★★
3.37 Rating (156 Votes )
There are 3 Steps involved in it
Step: 1
1 Cost of Direct Materials Used in September Cost of Direct Material...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started