Refer to the following information about the Shaping Department of the Minnesota Factory for the month of August.Minnesota Factory uses the FIFO method of inventory costing. 
The cost per equivalent unit of materials is $10.00,and the cost per equivalent unit of labor and overhead is $22.00.Compute the cost that should be assigned to the ending Work in Process inventory for August.
Definitions:
Epinions
A consumer review website where individuals can post reviews and ratings of products and services.
Reviews
Evaluations or assessments of the merit, quality, or performance of a product or service, often published or exchanged to guide future consumer decisions.
Online Purchase
The act of buying products or services over the Internet.
Consumers
Individuals or groups who purchase goods and services for personal use or consumption.
Q13: The ratio (proportion)of the sales volumes for
Q67: Vertical analysis is used to reveal patterns
Q67: A company uses the FIFO method for
Q85: The ability to generate future revenues and
Q98: A manufacturing company's finished goods inventory on
Q114: A plan that shows the expected cash
Q114: A manufacturing firm's cost of goods manufactured
Q134: Continuous improvement:<br>A)Encourages employees to maintain established business
Q155: Both financial and managerial accounting affect user's
Q164: Minstrel Manufacturing uses a job order costing