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Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company...

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Accounting

Direct Materials Used, Cost of Goods Manufactured
In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $140,000. Overhead totaled $310,000 for the month. Information on inventories was as follows:
September 1 September 30
Materials $100,000 $140,000
Work in process $70,000 $90,000
Finished goods $80,000 $60,000

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