2) Chapter 6

The Roberto Company had computed the flow of units for Department B for the month of May as follows:

Work in process, May 1:	10,000
Transferred from Department A during May	39,000
Units to be accounted for	49,000

?

	Beginning work in process	Added during the current month
Materials	$ -0-	$235,750
Labor	12,660	166,320
Factory overhead	11,310	150,480
Total	$23,970	$552,550

Materials are added at the end of the process. There were 8,000 units of work in process at May 31. The work in process at May 1 was 30 percent complete as to conversion costs and the work in process at May 31 was 20 percent complete as to conversion costs. What was the cost of the goods transferred out and in ending work in process using the FIFO method? (Ignore transferred-in costs).