FIN Question 7

At Davide Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:

WIP beginning (60% for conversion)	17,500 units
Units started	114,500 units
Units completed and transferred out	111,700 units
WIP ending (30% for conversion)	20,300 units
Beginning WIP direct materials	$22,300
Beginning WIP conversion costs	$19,700
Costs of materials added	$370,000
Costs of conversion added	$280,000

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

		$616,174
		$631,620
		$617,787
		$578,622