A company has started a new business of a new product line. It has started with 80,000 units. The work in process ending inventory is 15000units that is 100% complete with material and 75% complete with conversion cost. The total units to account for are 80000units. The equivalent units for materials were $6 per unit while the equivalent units for conversion were $8 per unit. Required: What is the value of the inventory transferred out?

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