Please do not give solution in image format thanku Direct Materials Used, Cost of Goods ManufacturedIn September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $110,000. Overheadtotaled $365,000 for the month. Information on inventories was as follows:SeptemberMaterialsWork inprocessFinishedgoods1$120,000$80,000$60,000September30$120,000$90,000$80,000Required: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 ?Ś

Direct material is cost of materials which is used directly for production purpose. Total…

Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $110,000. Overhead. totaled $365,000 for the month. Information on inventories was as follows: Materials Work in process Finished goods September 1 $120,000 $80,000 $60,000 September 30 $120,000 $90,000 $80,000 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? $

Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $110,000. Overhead. totaled $365,000 for the month. Information on inventories was as follows: Materials Work in process Finished goods September 1 $120,000 $80,000 $60,000 September 30 $120,000 $90,000 $80,000 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? $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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