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 all units that were completed and transferred during August.
Definitions:
Accurate Information
Data or facts that are correct, precise, and free from errors or distortions.
Self-Enhancement
A psychological tendency to view oneself more favorably and promote one's positive qualities to others.
Self-Categorisation Theory
A theory that expands on the idea of self-categorisation, explaining how individuals’ perceptions of belonging to various social categories can influence their attitudes, behaviors, and group dynamics.
Self-Perception Theory
A psychological theory suggesting that people deduce their inner feelings from their behavior when internal cues are weak or ambiguous.
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