Lakeland chemical

Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 70% complete with respect to conversion; the ending work-in-process inventory is 55% complete. The following data pertain to May Units Work in process, May 1 Units started during May 16,400 67,000 Units completed and transferred out Work in process, May 31 75,000 8,400 Direct Conversion Materials Total Costs Costs: $ 48,250 238,830 $287,080 $ 28,950 164,030 Work in process, May 1 Costs incurred during May $19,300 74,800 $94,100 $192,980 Totals Using the weighted-average method of process costing, the cost of goods completed and transferred during May is