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
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 53P: Cost of Direct Materials, Cost of Goods Manufactured, Cost of Goods Sold Bisby Company manufactures...
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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
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