Davies Manufacturing uses the weighted average method in its operations and shows the following information for its first processing department: Percent Complete Units Materials Conversion Work in process, beginning 300 85% 40% Started into production 9,100 Completed and transferred out 8,700 Work in process, ending 700 80% 20% Materials Conversion Work in process, beginning $7,545 $4,900 Cost added during August $240,300 $242,400 Assume the cost per equivalent unit for Conversion Costs is $27.98. What is the cost of units transferred out for Conversion Costs

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.