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Trust Construction builds custom houses for individual buyers. On April 1, it had one job with a beginning Work in Process of $70,000. During April,
Trust Construction builds custom houses for individual buyers. On April 1, it had one job with a beginning Work in Process of $70,000. During April, the job was finished and sold. Direct labor for the job in April was $90,000, and direct materials used were $66,000. Overhead is computed at a rate of 55% of direct labor. There is a markup of 40% on all sales. What was the selling price of a house?
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