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Materials costs of $600000 and conversion costs of $642600 were charged to a processing department in the month of September. Materials are added at the beginning of the process while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process 100000 units were started into production in September and there were 8000 units in ending work in process that were 40% complete at the end of September. What was the total amount of manufacturing costs assigned to those units that were completed and transferred out of the process in September?
Project's Cash Flows
The inflows and outflows of cash associated with a specific project, considered in its financial analysis.
Reinvested
Pertains to the act of putting earnings or profits back into the business or project instead of paying them out as dividends.
Discount Rate
The interest rate used to discount future cash flows to their present value, reflecting the opportunity cost of capital.
Internal Rate Of Return
A financial metric used to estimate the profitability of potential investments, calculated as the rate that makes the net present value of all cash flows from a particular project equal to zero.
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