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A company started a new product, and in the first month started 90,000 units. The ending work in process inventory was 20,000 units that were 100% complete with materials and 75% complete with conversion costs. There were 90,000 units to account for, and the equivalent units for materials was $5 per unit while the equivalent units for conversion was $6 per unit. What is the value of the inventory transferred out, using the weighted average inventory method? Cost of inventory transferred s 770,000