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The TLX - 7 4 5 2 6 company operates a job - order costing system and applies overhead cost to jobs on the basis
The TLX company operates a joborder costing system and applies overhead cost to jobs on the basis of direct labor cost. Its predetermined overhead rate was based on a cost formula that estimated $ of manufacturing overhead and an estimated allocation base of $ in direct labor cost. The company has provided the following data:
tableBeginning,EndingRaw Materials Inventory all direct$$
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