Question: Markholm Widgets started production on 250,000 widgets in March, with 160,000 completed. Material costs were $85,680 for the month while conversion costs amounted to $43,690.

Markholm Widgets started production on 250,000 widgets in March, with 160,000 completed. Material costs were $85,680 for the month while conversion costs amounted to $43,690. There was no beginning work-in-process. The ending work-in-process was 55% complete. What is the cost of the product that was completed and transferred to finished goods?

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