During 2020, Banyan Manufacturing expected Job No. 75 to
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During 2020, Banyan Manufacturing expected Job No. 75 to cost $600,000 of overhead, $500,000
of materials, and $400,000 in labor. Banyan applied overhead based on direct labor cost. Actual
production required an overhead cost of $550,000, $800,000 in materials used, and $320,000 in
labor. All of the goods were completed. What amount was transferred to Finished Goods?