Frank Inc., has the following information available:

Cost from Beginning Inventory	Cost from Current Period
Direct materials	$5,584	$22,999
Conversion Costs	$6,956	$156,265

At the beginning of the period, there were 513 units in process that were 51 percent complete as to conversion costs and 100 percent complete as to direct materials costs. During the period 5,445 units were started and completed. Ending inventory contained 315 units that were 26 percent complete as to conversion costs and 100 percent complete as to materials costs. (Assume that the company uses the FIFO process cost method.)

What were the total costs that will be transferred into Finished Goods for units completed during the period?

Select the correct answer.

$3,473

$9,776

$188,331

$156,265