The owner of Magic Manufacturing, Tom Sawyer, is considering selling his business. He provides his accountant with the following information for the month of March, which has just ended: Direct Materials Purchased $ 1,800,000 Prime Costs $ 3,360,000 Direct Labour rate ($/hour) $ 25 per hour Direct Materials, 1st March $ 100,000 Direct Materials, 31st March $ 80,000 Overhead Application Rate $ 15 per direct labour hour Actual Overhead Incurred $ 1,050,000 Finished Goods, 1st March $ 350,000 Finished Goods, 31st March $ 65,000 Sales Revenues $ 11,494,000 Sales Mark-up 180% on cost Data for this question is also available in the file: Adjusted Cost of Goods Sold.xlsx Download Adjusted Cost of Goods Sold.xlsx

Calculate the adjusted cost of goods sold for the month of March. Do not use the dollar sign $ in your answer.

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