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The following information pertains to Job 712 that Nantou Manufacturing Company completed during January 2018. Materials and labor costs for the job were $24,500 and
The following information pertains to Job 712 that Nantou Manufacturing Company completed during January 2018. Materials and labor costs for the job were $24,500 and $19,000, respectively. Applied overhead costs were $16,000. Nantou completed and delivered the job to its customer and earned an $18,000 gross profit. Determine the contract price for the job.
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