In Lauren Ashley Company purchased costing $230,000 and Incurred direct labor cost of $150,000. Overhead totaled $375,000 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

What was the cost of goods sold for September?

Answer rating: 100% (QA)

Particulars Amount Raw materials purchased 230000 Add Beginning inventory of raw ... View the full answer