In September, Lauren Ashley Company purchased materials costing $220,000 and incurred direct labor cost of $140,000. Overhead totaled $335,000 for the month. Information on inventories was as follows:
September 1 September 30
Materials $130,000 $140,000
Work in process $90,000 $100,000
Finished goods $70,000 $75,000
Problem 1. What was the total manufacturing cost in September ?
Problem 2. What was the cost of goods manufactured for September ?