contestada

In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $110,000. Overhead totaled $365,000 for the month. Information on inventories was as follows: September 1 September 30Materials $110,000 $120,000Work in process $60,000 $90,000Finished goods $75,000 $75,000Required:1. What was the cost of direct materials used in September ?$2. What was the total manufacturing cost in September ?$3. What was the cost of goods manufactured for September ?$

Respuesta :

Parrain

Answer:

1. Cost of Direct materials in September

= Opening stock of materials + Purchases - Closing stock

= 110,000 + 200,000 - 120,000

= $190,000

2. Total manufacturing cost in September:

= Direct material + Direct labor + Manufacturing overhead

= 190,000 + 110,000 + 365,000

= $665,000

3. Cost of good manufactured:

= Total manufacturing cost + Beginning work in process - Ending work in process

= 665,000 + 60,000 - 90,000

= $635,000

Otras preguntas