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Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 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 $110,000   $120,000 Work in process $60,000   $90,000 Finished goods $75,000   $75,000 Required: 1.  What was the cost of direct materials used in September ?$ 2.  What was the total manufacturing cost in September ?$ 3.  What was the cost of goods manufactured for September ?$     Check My Work

Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 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 $110,000   $120,000 Work in process $60,000   $90,000 Finished goods $75,000   $75,000 Required: 1.  What was the cost of direct materials used in September ?$ 2.  What was the total manufacturing cost in September ?$ 3.  What was the cost of goods manufactured for September ?$     Check My Work

FINANCIAL ACCOUNTING
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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  1. Direct Materials Used, Cost of Goods Manufactured

    In September, Lauren Ashley Company purchased materials costing $200,000 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 $110,000   $120,000
    Work in process $60,000   $90,000
    Finished goods $75,000   $75,000

    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 ?

    $

  2.  
  3.  
Check My Work
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