Transcribed Image Text: A company started a new product, and in the first month started 80,000 units. The ending work in process inventory was 20,000 units that were 100% complete

Transcribed Image Text: A company started a new product, and in the first month
started 80,000 units. The ending work in process inventory
was 20,000 units that were 100% complete with materials
and 75% complete with conversion costs. There were
80,000 units to account for, and the equivalent units for
materials was $6 per unit while the equivalent units for
conversion was $6 per unit. is the value of the
inventory transferred out, using the weighted-average
inventory method?
Cost of inventory transferred $

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