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Finished goods inventory is $198,000. If overhead applied to these goods is $78,000, and the overhead rate is 120% of direct labor, how much direct

Finished goods inventory is $198,000. If overhead applied to these goods is $78,000, and the overhead rate is 120% of direct labor, how much direct materials cost was incurred in producing the inventory? (Round your intermediate calculations and final answer to nearest whole dollar.)

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