Use the following information for Exercises 2-45 and 2-46:
In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $120,000. Overhead totaled $325,000 for the month. Information on inventories was as follows:
Exercise 2-45 Direct Materials Used, Cost of Goods Manufactured
Refer to the information for Lauren Ashley above.
Required:
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