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help plz The Mahdar Accounting Firm is a small accounting practice that provides accounting and auditing services to small businesses. Mahdar uses an actual cost
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The Mahdar Accounting Firm is a small accounting practice that provides accounting and auditing services to small businesses. Mahdar uses an actual cost accounting system to track service costs to the income statement, and has the following summary cost information for the month of December: Unbilled accounting and auditing services, beginning balance (December 1): $1,304,000 Unbilled accounting and auditing services, ending balance (December 31): $2,800,000 Actual direct labor cost of accountants in December: $1,950,000 Actual administrative office overhead costs in December: $620,000 Applied administrative office overhead costs in December: $690,000 Using the information above, determine the amount of costs transferred to the cost of services account (on the income statement) for December Step by Step Solution
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