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 60% complete with respect to conversion; the ending work-in-process inventory is 30% complete. The following data pertain to May:

UnitsWork in process, May 115,900Units started during May64,500Units completed and transferred out72,500Work in process, May 317,900

TotalDirect MaterialsConversion CostsCosts:Work in process, May 1$45,750$18,300$27,450Costs incurred during May237,33073,800163,530Totals$283,080$92,100$190,980

Using the weighted-average method of process costing, the total costs remaining in work in process on May 31 are:

Multiple Choice

• $0.
• $15,095.
• $72,500.
• $11,221.
• None of the answers is correct.