(Answered) Bag company had a beginning inventory of 4000 bags with

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Bag Company had a beginning inventory of 4,000 bags with costs of $18,000 on Jan 1. Direct materials were complete and all overhead had been assigned; however only 40% of the direct manufacturing labor was added in the prior period. Another 20,000 units were started and completed during the current period. Unit costs are as follows: materials $8, labor $9, overhead $5

What is the total cost of goods transferred out using the FIFO method

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