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The Work in Process Inventory account of a manufacturing company has a $4,200 debit balance. The company applies overhead using direct labor cost. The cost

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The Work in Process Inventory account of a manufacturing company has a $4,200 debit balance. The company applies overhead using direct labor cost. The cost sheet of the only job still in process shows direct material cost of $2,000 and direct labor cost of $700. Therefore, the amount of applied overhead is: Multiple Choice $2,200 $2,700 $1,500. $700 47 Next >

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