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To automate one of its production processes, the Milwaukee Corporation bought three flexible manufacturing cells...

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Accounting

To automate one of its production processes, the Milwaukee Corporation bought three flexible manufacturing cells at a price of $310,000 each. When they were delivered, Milwaukee paid freight charges of $20,000 and handling fees of $14,000. Site preparation for
these cells cost $48,000. Four foremen, each earning $30 an hour, worked five 40-hour weeks to set up and test the manufacturing cells. Special Wlrjng and other materials applicable to the new manufacturing cells cost $4,200. Determine the cost basis (amount
to be capitalized) for these cells.
The cost basis for these cells is S
.(Round to the nearest dollar.)

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