Answer Happy

Direct Materials Used, cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $220,000 and incurred direct labor cost of $110,000. Overhead totaled $360,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $150,000 $100,000 Work in process $70,000 $100,000 Finished goods $75,000 $75,000 Required: 1. What was the cost of direct materials used in September? 230,000 X 2. What was the total manufacturing cost in September 700,000 2. What was the cost of goods manufactureidt for September 670,000 Feedback Check My Work 1. Direct materials used Beginning materials + Purchases Ending materials 2. Total manufacturing cost Direct materials ved + Direct labor+ Overhead, 3. The cost of goods manufactured - Beginning WIP + Total manufacturing cost Ending WIR
Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $250,000 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 5130,000 Work in process 80,000 90,000 Finished goods 70,000 65,000 Required: What was the cost of goods sold for September