Canadian Oil Company manufactures cooking oils.All direct materials are added at the beginning of the production process. the company currently uses the FIFO method. Data for the month of July is listed below.

What is the amount of goods transfered-out during the month assuming no labour or conversion costs?

Production data:

Beginning work in process 100,000 units

Units started during the period 200,000 units

completed and transferred out 270,000 units

Manufacturing costs :

Beginning work in process $176000

Direct Materials used $ 244,000

a) 378,000

b)384,400

c)391,000