QualCo manufactures a single product in two departments: Cutting and Assembly. Information for the Cutting department for May follows. Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 37, 700 70% 30% Units started and completed 153, 800 Units completed and transferred out 191, 500 :22 Ending work in process inventory 51, 500 70% 20% Beginning work in process inventory Direct materials $ 74, 275 Conversion 28, 693 $ 102, 968 Costs added this period Direct materials 462, 668 Conversion 400, 029 862, 697 Total costs to account for $ 965, 665