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ABC Ltd. incurred the following costs during the month: direct materials $120,000, direct labor $85,000, variable overhead $45,000, and fixed overhead $60,000. Calculate the total

ABC Ltd. incurred the following costs during the month: direct materials $120,000, direct labor $85,000, variable overhead $45,000, and fixed overhead $60,000. Calculate the total manufacturing cost incurred during the month and prepare a cost of goods sold statement using the absorption costing method.

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