Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing...
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Accounting


Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $190,000 and incurred direct labor cost of $110,000. Overhead totaled $335,000 for the month. Information on inventories was as follows: This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. 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? $ In September, Lauren Ashley Company did the following: REQUIRED: What was the cost of direct materials used in September? Using formulas and cell references from the problem data, perform the required analysis. Formulas entered in the green cells show in the orange cells. Transfer amounts to CNOWv2 for grading
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