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 25% complete. The following data pertain to May Work in process, May 1 Units started during May Units completed and transferred out Work in process, May 31 Units 16,800 69,000 77,000 8,800 Direct Materials Conversion Costs Total Costs: Work in process, May 1 Costs incurred during May Totals $ 50,250 240,030 $ 290,280 $20,100 75,600 $95,700 $ 30,150 164, 430 $ 194,580 Using the weighted average method of process costing, the cost of goods completed and transferred during May is: Using the weighted-average method of process costing, the cost of goods completed and transferred during May is: Multiple Choice $246,482. $306,495. None of the answers is correct. $275.060. A h ! Nave