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For Sheridan Company, the predetermined overhead rate is 7 0 % of direct labor cost. During the month, $ 8 8 0 0 0 0

For Sheridan Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $880000 of factory labor costs are incurred of which $200000 is indirect labor. Actual
overhead incurred was $320000. The amount of overhead charged to Work in Process Inventory is
$680000
$320000
$616000
$476000
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