Wrights construction builds custom houses for individual

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Wright's construction builds custom houses for individual buyers. On July 1, it had one job started with a beginning Work in Process of 56,000 dollars. During June the job finished and sold. Direct labor for the job in june was 75,000 dollars and the direct materials used were 57,000 dollars. Overhead is computed at a rate of 65% of direct labor. There is a markup of 35% on all sales. What was the selling price of the house?

Reference no: EM13600470

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