The following information applies to Job 730 completed by Riverton Manufacturing Company during October 2017....
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The following information applies to Job 730 completed by Riverton Manufacturing Company during October 2017. The amount of labor cost for the job was $162,000. Applied overhead amounted to $230,000. The project was completed and delivered to Hudson Company at a contract price of $654,000. Riverton recognized a gross profit of $120,000 on the job.
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Determine the amount of raw materials used to complete Job 730.
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