Question: 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

Rapid Enterprises allocates manufacturing overhead to Work in Process on the

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 $387,000 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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