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Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $160,000 and incurred...

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Accounting

Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $160,000 and incurred direct labor cost of $130,000. Overhead totaled $350,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 $130,000 Work in process 80,000 90,000 Finished goods 70,000 65,000 Required: What was the cost of goods sold for September? $

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