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Hardouin Company uses the weighted-average method in its process costing system. Its costing system uses two cost categories: direct materials and conversion costs. Data for

Hardouin Company uses the weighted-average method in its process costing system.

Its costing system uses two cost categories: direct materials and conversion costs.

Data for the first processing department, the Welding Department, for March 2022 are as follows:

Work in process, beginning inventory

(20% complete with respect to materials, 50% complete with respect to conversion costs)
22,000 units
Units started during March 2022 97,000 units

Work in process, ending inventory

(50% complete with respect to materials, 20% complete with respect to conversion costs)
18,000 units
Costs in Work in process, beginning inventory:
Direct materials $12,000
Conversion costs $64,176
Costs added during March 2022:
Direct materials $199,200
Conversion costs $480,790

What amount of product costs are assigned to the units that were completed and transferred out of the Welding Department during March 2022?

$704,309.04

$193,920.00

$526,210.00

$720,130.00

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