Kawanakerebaikemasen, Inc. uses the FIFO method of process costing. The firm has only one production department. It has the following cost per equivalent unit rates for the month of May.

$25.50 direct materials per equivalent unit $30.25 conversion costs per equivalent unit

Here are some additional details about the firm.

The firm began the period (i.e. May 1) with $25,000 of direct materials cost and $35,000 of conversion costs in beginning WIP.

Those beginning WIP costs were incurred for 1,000 beginning WIP units that were 50% complete with respect to conversion costs and direct materials.

The firm completed and transferred out a total of 59,000 units in May.

What is the cost of units completed and transferred out for May (including direct materials costs and conversion costs)?

Kawanakerebaikemasen, Inc. uses the FIFO method of process costing. The firm has only one production department. It has the following cost per equivalent unit rates for the month of May.

$25.50 direct materials per equivalent unit $30.25 conversion costs per equivalent unit

Here are some additional details about the firm.

The firm began the period (i.e. May 1) with $25,000 of direct materials cost and $35,000 of conversion costs in beginning WIP.

Those beginning WIP costs were incurred for 1,000 beginning WIP units that were 50% complete with respect to conversion costs and direct materials.

The firm completed and transferred out a total of 59,000 units in May.

What is the cost of units completed and transferred out for May (including direct materials costs and conversion costs)?

$3,349,250

Cannot be determined from this information.

$3,321,375

$3,293,500