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A manufacturing company had the following expenses during the year: Expense Component Amount ($) Direct Materials $28,800,000 Direct Labor $23,040,000 Variable Overhead $13,824,000 Fixed Overhead

A manufacturing company had the following expenses during the year:

Expense Component

Amount ($)

Direct Materials

$28,800,000

Direct Labor

$23,040,000

Variable Overhead

$13,824,000

Fixed Overhead

$15,206,400

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

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