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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
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 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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