The Assembly Department uses a process cost accounting system and a weighted-average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80,000 of materials costs and $13,000 of conversion costs. Other data for the month of July are as follows: Beginning work in process inventory, 7/1 25,000 units (40% complete) Units completed and transferred out 70,000 units Ending work in process inventory, 7/31 30,000 units (30% complete) What is the total cost assigned to the 70,000 units that were transferred out of the process in July?
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