During 2012, Alvarez Manufacturing expected Job No. 26 to cost $336,000 of overhead, $400,000 of...
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Accounting
During 2012, Alvarez Manufacturing expected Job No. 26 to cost $336,000 of overhead, $400,000 of materials, and $240,000 in labor. Alvarez applied overhead based on direct labor cost. Actual production required an overhead cost of $840,000, $825,000 in materials used, and $330,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods?
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