Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Beginning work in process inventory:
Units in beginning work in process inventory		1,300
Materials costs	$	12,700
Conversion costs	$	22,800
Percent complete with respect to materials		75	%
Percent complete with respect to conversion		65	%
Units started into production during the month		9,800
Units transferred to the next department during the month		9,000
Materials costs added during the month	$	171,300
Conversion costs added during the month	$	360,500
Ending work in process inventory:
Units in ending work in process inventory		2,100
Percent complete with respect to materials		65	%
Percent complete with respect to conversion		50	%

The total cost transferred from the first processing department to the next processing department during the month is closest to: (Round equivalent units to the nearest whole number and round all other intermediate calculations to 3 decimal places.)

Garrison 16e Rechecks 2017-08-28

Multiple Choice

• $570,048

• $531,600

• $501,274

• $497,900