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Discuss what amount was transferred to finished goods

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During 2017, Madison Manufacturing expected Job No. MM-3 to cost $600,000 of overhead, $1,000,000 of materials, and $400,000 in labor. Madison applied overhead based on direct labor cost. Actual production required an overhead cost of $560,000, $1,100,000 in materials used, and $420,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods?

Reference no: EM131763230

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