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Preparing a Cost of Goods Manufactured Statement. answers the following questions September 30 Materials Inventory was $129,800 September 1 Work-in-Process Inventory was $81,200 September 30

Preparing a Cost of Goods Manufactured Statement. answers the following questions September 30 Materials Inventory was $129,800 September 1 Work-in-Process Inventory was $81,200 September 30 Finished Goods Inventory was $66,800 image text in transcribed

Use the following information for Exercises 2-45 and 2-46: 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: Materials Work in process September 1 $120,000 81,200 70,000 September 30 $1.29,800 90,000 66,800 Finished goods Exercise 2-45 Direct Materials Used, Cost of Goods Manufactured Refer to the information for Lauren Ashley above. Required: 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 September

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