Refer to the information for Lauren Ashley above. In September, Lauren Ashley Company purchased materials costing $200,000

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Refer to the information for Lauren Ashley 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:

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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Managerial Accounting The Cornerstone of Business Decision Making

ISBN: 978-1337115773

7th edition

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

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