At the end of the month, Michael Company calculated equivalent units of production in the second processing department, the Packaging Department, as shown below:

UNITS	Equivalent Units	Equivalent Units	Equivalent Units
Units accounted for	Transferred In	Direct Materials Costs	Conversion Costs
Completed and transferred out	55,000	55,000	55,000
Ending workinprocess	3,000	3,000	1,800
	58,000	58,000	56,800

The cost per equivalent unit using the

weightedaverage

method is

$5

for material costs,

$6

for conversion costs, and

$7

for transferred in. What is the total cost of the units completed and transferred out?

A.

$990,000

B.

$1,022,400

C.

$1,020,600

D.$406,077