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The following information applies to Job 730 completed by Franklin Manufacturing Company during the month of October. The amount of labor cost for the job
The following information applies to Job 730 completed by Franklin Manufacturing Company during the month of October. The amount of labor cost for the job was $82,550. Applied overhead amounted to $107,000. The project was completed and delivered to Hudson Company at a contract price of $303,000. Franklin recognized a gross profit of $53,400 on the job. Required Determine the amount of raw materials used to complete Job 730
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