Business, 20.01.2020 23:31 gwynolegario
Direct materials used, cost of goods manufactured in september, lauren ashley company purchased materials costing $200,000 and incurred direct labor cost of $120,000. overhead totaled $325,000 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:
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?
Answers: 2
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Acompany finances the purchase of equipment with a $500,000 5-year note payable. the note has an interest rate of 12% and a monthly payment of $11,122. after two payments have been made, what amount should the company report as the note payable balance in its december 31 balance sheet?
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