Forrest Corporation, a new company, adds material at the beginning of its production process; conversion cost, in contrast, is incurred evenly throughout manufacturing. During May, the firm completed 16,000 units and had ending work in process of 3,000 units, 60% complete. Equivalent-unit costs were: materials, $25; conversion, $32.

The cost of Forrest's completed production is:

Multiple Choice

• $400,000.
• $512,000.
• $515,200.
• $912,000.
• None of the answers is correct.