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In October, Victory Company purchased materials costing $ 2 5 , 0 0 0 and incurred direct labor cost of $ 3 5 , 0

In October, Victory Company purchased materials costing $25,000 and incurred direct labor cost of $35,000. Manufacturing overhead totaled $45,000 for the month. Information on inventories was as follows:
\table[[,October 10ctober,],[Materials,$10,000,$9,000
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