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Question - Under Lamar Company's job costing system, manufacturing overhead is applied to Work-in-Process Inventory using a predetermined overhead rate. During June, Lamar's transactions included the following:
Direct materials issued to production $90,000
Indirect materials issued to production 8,000
Manufacturing overhead cost incurred 125,000
Manufacturing overhead cost applied 113,000
Direct labor cost incurred 107,000
Lamar Company had no beginning or ending inventories. What was the cost of goods manufactured for June?
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