Question: During 2 0 2 2 , Tanner Manufacturing estimated that Job No . 2 6 would incur $ 3 0 0 , 0 0 0

During 2022, Tanner Manufacturing estimated that Job No.26 would incur $300,000 of overhead, $500,000 of materials, and $200,000 in labor. Tanner applied overhead based on direct labor cost. Actual production required an overhead cost of $290,000, $550,000 in materials used, and $220,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods Inventory?
A) $1,060,000
B) $1,000,000
C) $1,100,000
D) $1,070,000
 During 2022, Tanner Manufacturing estimated that Job No.26 would incur $300,000

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