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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 $510,000 each. When they were delivered, Milwaukee paid freight charges of $22,000 and handling fees of $20,000. Site preparation for these cells cost $35,000. Seven foremen, each earning $16 an hour, worked five 40-hour weeks to set up and test the manufacturing cells. Special wiring and other materials applicable to the new manufacturing cells cost $4,400. Determine the cost basis (amount to be capitalized) for these cells. The cost basis for these cells is $ enter your response here. (Round to the nearest dollar.)

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