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Beginning work in process: 3,000 units Direct materials: $18,000 Conversion cost (40% complete): $14,000 Number of units started this period: 4,000 Number of units completed

Beginning work in process: 3,000 units

Direct materials: $18,000

Conversion cost (40% complete): $14,000

Number of units started this period: 4,000

Number of units completed and transferred to finished goods: 2,000

Ending work in process (70% complete for CC)

Direct materials: $122,000

Conversion cost $306,000

Would the total amount of materials cost transferred out is $116,364?

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