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 80% complete with respect to conversion; the ending work-in-process inventory is 45% complete. The following data pertain to May:

UnitsWork in process, May 116,900

Units started during May69,500

Units completed and transferred out77,500

Work in process, May 318,900

TotalDirect Materials Conversion Costs

Work in process, May 1 $50,750 $20,300 $30,450

Costs incurred during May 240,330 75,800 164,530

Totals $291,080 $96,100 $194,980

Using the weighted-average method of process costing, the total costs remaining in work in process on May 31 are closest to(Do not round intermediate calculations):

Multiple Choice

• $0.
• $19,480.
• $24,153.
• $6,038.
• None of the answers is correct.