Question: QUESTION 3 Rapid Enterprises allocates manufacturing overhead to Work in Process on the basis of direct material costs. Rapid uses a rate of 150% of

QUESTION 3 Rapid Enterprises allocates manufacturing overhead to Work in Process on the basis of direct material costs. Rapid uses a rate of 150% of these costs in May. Product 17X had $299, 000 of manufacturing overhead allocated to it in May. What is the cost of direct materials assigned to Product 17X in May? (Round to the nearest $1.00.)

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