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Vaughn Manufacturing produces industrial light fixtures. For the year, management estimated that total manufacturing overhead would be $1113000. Management decided to use direct labor hours

Vaughn Manufacturing produces industrial light fixtures. For the year, management estimated that total manufacturing overhead would be $1113000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 144700 direct labor hours. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control: Raw Materials Inventory $124300 Work in Process Inventory 464110 Finished Goods Inventory 432750 Cost of Goods Sold 2342000 For the year, manufacturing overhead was underapplied by $336000. If Vaughn prorates the underapplied overhead, what is the ending balance of Cost of Goods Sold? (Round intermediate calculations to 4 decimal places.)

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