Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $180,000 and incurred direct labor cost of $110,000. Overhead totaled $355,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $100,000 $140,000 Work in process $80,000 $100,000 Finished goods $75,000 $65,000 Required: 1. What was the cost of direct materials used in September ? 140,000 2. What was the total manufacturing cost in September ? 605,000 ✔ 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 $180,000 and incurred direct labor cost of $110,000. Overhead totaled $355,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $100,000 $140,000 Work in process $80,000 $100,000 Finished goods $75,000 $65,000 Required: 1. What was the cost of direct materials used in September ? 140,000 2. What was the total manufacturing cost in September ? 605,000 ✔ 3. What was the cost of goods manufactured for September?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...

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