For the month of June Clara Gum Company had cost per equivalent unit of $0.60 for materials (sugar artificial flavors etc.) and $.80 for conversion
costs (labor and overhead). At Clara Gum units are measured in packs. The company began the month with 5000 packs of gum. By the end of the month the
company had completed 55000 packs and 9000 packs were in process. The in-process units were 100 percent complete with respect to material and 60 percent
complete with respect to labor and overhead. How much is the cost of items completed and transferred to finished goods inventory? Answer $9720 $77000 $86720 $38400