Refer to the information for Lauren Ashely Company above.

Required: What was the cost of goods sold for September?

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: September 1 September 30 Materials $120,000 $130,000 Work in process 80,000 90,000 Finished goods 70,000 65,000