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Materials Work in process Finished goods Required: September 1 tA $120,000 80,000 70,000 September 30 $130,000 90,000 65,000 What was the cost of goods sold for September?

Materials Work in process Finished goods Required: September 1 tA $120,000 80,000 70,000 September 30 $130,000 90,000 65,000 What was the cost of goods sold for September?

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 6BE: Cost of goods sold Pine Creek Company completed 200,000 units during the year at a cost of...
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39.

Subject : - Accounting 

Cost of Goods Sold

In September, Lauren Ashley Company purchased materials costing $240,000 and incurred direct labor cost of $120,000. Overhead totaled $400,000 for the month. Information on inventories was as follows:   

Materials Work in process Finished goods Required: September 1 ta $120,000 80,000 70,000 September 30 $130,000 90,000 65,000 What was the cost of goods sold for September?
Transcribed Image Text:Materials Work in process Finished goods Required: September 1 ta $120,000 80,000 70,000 September 30 $130,000 90,000 65,000 What was the cost of goods sold for September?
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