"X" Company started in production operations on July 1. During July, the silk-screening department completed 15,600 units.

"X" Company started in production operations on July 1. During July, the silk-screening department completed 15,600 units. There were 2,400 units in ending inventory which were 75% complete with respect to materials and 20% complete with respect to conversion costs. During July, the department accumulated materials costs of $40,890 and conversion costs of $69,948.

Calculate the cost of the goods transferred out.

What is the value of the ending inventory?

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