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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.
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 S325,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 Work in process Finished goods 80,000 70,000 $130,000 90,000 65.000 Exercise 2-46 Cost of Goods Sold Refer to the information for Lauren Ashely Company above. Required: What was the cost of goods sold for September
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