Assume the following information:

Milling Department	Materials	Conversion	Total
Cost of beginning work in process inventory	$ 10,000	$ 15,000	$ 25,000
Costs added during the period	291,600	385,000	676,600
Total cost	$ 301,600	$ 400,000	$ 701,600

Assume the equivalent units of production for materials and conversion are 5,200 units and 5,000 units, respectively, using the weighted-average method. If 4,800 units were completed and transferred to the next department, then what is the total cost assigned to the units completed and transferred out of the Milling Department?

Multiple Choice

• $658,400

• $662,400

• $667,400

• $656,400