On July 1: Beginning inventories Direct materials cost Conversion costs 850 units, 60% complete $5,000 $4,000 During July: Number of units started Direct materials added Conversion costs added 15,000 $155,000 $83,520 On July 31: Ending inventories 1,600 units, 40% complete Using the FIFO method and rounding cost per unit to four decimal places, the cost of goods completed and transferred out during July was a) $227,270 b) $225,060 Using the FIFO method and rounding cost per unit to four decimal places, the cost of goods completed and transferred out during July was a) $227,270 Ob) $225,060 c) $236,905 od) S228,200