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A manufacturing company had the following expenses during the year: Expense Component Amount ($) Direct Materials $31,680,000 Direct Labor $25,344,000 Variable Overhead $15,207,600 Fixed Overhead

A manufacturing company had the following expenses during the year:

Expense Component

Amount ($)

Direct Materials

$31,680,000

Direct Labor

$25,344,000

Variable Overhead

$15,207,600

Fixed Overhead

$16,661,400

Calculate the total manufacturing cost incurred during the year and prepare a schedule showing the cost of goods manufactured.

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