Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department:

Units: Beginning Inventory: 91,000 units, 80% complete as to materials and 25% complete as to conversion. Units started and completed: 261,000. Units completed and transferred out: 352,000. Ending Inventory: 35,500 units, 40% complete as to materials and 15% complete as to conversion.

Costs: Costs in beginning Work in Process - Direct Materials: $37,200. Costs in beginning Work in Process - Conversion: $79,700. Costs incurred in October - Direct Materials: $646,800. Costs incurred in October - Conversion: $919,300. Calculate the equivalent units of materials.

Multiple Choice

261,000

370,075

293,400

392,825

401,700