Legolas Archery Goods (LAG) has the following phases for their product: Cutting, Stretching, Assembly. At...

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Accounting

Legolas Archery Goods (LAG) has the following phases for their product: Cutting, Stretching, Assembly. At the end of the period, it was determined that the assembly process had a cost per equivalent unit of $214. The physical and equivalent units for the assembly process are provided below:
Units remaining unfinished in the assembly process 1,200 physical units 400 equivalent units
Units completed in the assembly process 5,000 physical 5,000 equivalent units
What is the valuation of the finished goods account?

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