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A company allocates overhead to production on the basis of direct labor cost. If the company's total estimated overhead is $870,000 and estimated direct labor cost is $1,160,000, determine the amount of overhead to be allocated to finished goods inventory. There is $791,000 of total direct labor cost in the jobs in the finished goods inventory?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9952319

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