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During 2022. Waterway Manufacturing estimated that Job No. 26 would incur $300000 of overhead, $500000 of materials, and $200000 in labor. Waterway applied overhead

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During 2022. Waterway Manufacturing estimated that Job No. 26 would incur $300000 of overhead, $500000 of materials, and $200000 in labor. Waterway applied overhead based on direct labor cost. Actual production required an overhead cost of $290000, $480000 in materials used, and $210000 in labor. All of the goods were completed. What amount was transferred to Finished Goods Inventory? O $1000000 O $990000 O $1005000 O $980000

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