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Saito Corporation uses a Job Cost Accounting System. It has an ending balance in its Work in Process Inventory Account of $140,000, and one partially
Saito Corporation uses a Job Cost Accounting System. It has an ending balance in its Work in Process Inventory Account of $140,000, and one partially completed Job (#16) in production. If Direct Materials cost assigned to Job #16 is $50,000, and Saito uses a Predetermined Factory Overhead Rate: 80% of Direct Labor Cost, calculate the amount of Direct Labor cost assigned to Job #16.
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