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?

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Answerlowest price a firm would have been willing to accept; price it actually receives;