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 15,900 units and had ending work in process of 2,900 units, 60% complete. Equivalent-unit costs were: materials, $24; conversion, $31. The cost of Forrests completed production is:

Multiple Choice

• $381,600.

• $492,900.

• $496,080.

• $874,500.

• None of the answers is correct.