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 10% complete. The following data pertain to May: Units Work in process, May 1 15,100 Units started during May 60,500 Units completed and transferred out 68,500 Work in process, May 31 7,100 Total Direct Materials Conversion Costs Costs: Work in process, May 1 $ 41,750 $ 16,700 $ 25,050 Costs incurred during May 234,930 72,200 162,730 Totals $ 276,680 $ 88,900 $ 187,780 Using the weighted-average method of process costing, the cost of goods completed and transferred during May is closest to (Do not round intermediate calculations):