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A manufacturing company had the following expenses during the year: Expense Component Amount ($) Direct Materials $20,880,000 Direct Labor $16,704,000 Variable Overhead $10,025,600 Fixed Overhead

A manufacturing company had the following expenses during the year:

Expense Component

Amount ($)

Direct Materials

$20,880,000

Direct Labor

$16,704,000

Variable Overhead

$10,025,600

Fixed Overhead

$11,007,200

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

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