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Mitsubishi Motors uses job-order costing. Direct materials cost $900,000, direct labor cost $600,000, and manufacturing overhead is applied at 160% of direct labor cost. Calculate

Mitsubishi Motors uses job-order costing. Direct materials cost $900,000, direct labor cost $600,000, and manufacturing overhead is applied at 160% of direct labor cost. Calculate the total manufacturing cost for the job. Prepare the balance sheet after the formation of the partnership.

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