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Price Company produces grape juice in a continuous process. The company employs a weighted average process costing system. Data concerning activity in January for a

Price Company produces grape juice in a continuous process. The company employs a weighted average process costing system. Data concerning activity in January for a department at the company are given in the table below.

Direct Materials

Conversion Costs

Equivalent units in ending work-in-process, January 31

4,000

3,000

Costs per equivalent unit

$15.00

$4.50

A total of 80,000 completed units were transferred out of this department during January. The total cost of the units completed and transferred out:

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