Refer to the information for Lauren Ashely Company above.

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

Required:

What was the cost of goods sold for September?