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The following data are for Hane Company: work-in-process inventory, beginning balance: $115,000 interest expense: 17,000 direct material inventory, ending balance: 65,000 corporate headquarters administrative expenses:

The following data are for Hane Company:

work-in-process inventory, beginning balance: $115,000

interest expense: 17,000

direct material inventory, ending balance: 65,000

corporate headquarters administrative expenses: 57,000

actual manufacturing overhead costs: 209,000

work-in-process inventory, ending balance: 107,000

direct materials inventory, beginning balance: 50,000

finished goods inventory, beginning balance: 120,000

accounts receivable, beginning balance: 12,000

accounts receivable, ending balance: 14,500

direct labor costs: 370,000

direct materials purchased: 150,000

finished goods inventory, ending balance: 100,000

The predetermined overhead rate is $2.50 per direct labor hour. The actual number of direct labor hours worked during the period was 100,000. Using these data, compute the cost of goods manufactured for the period.

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