The A company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 150,000 chairs. During the month, the firm completed and transferred 160,000 chairs to the Finishing Department. The firm ended the month with 20,000 chairs in ending inventory. There were 10,000 more chairs in the beginning inventory than the ending inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Rest-a-Lot. Beginning work in process was 30% complete while ending work in process was 80% complete. Additional information is as follows: Beginning inventory: Direct Materials $48,000 Conversion Costs $22,000 more than Direct Materials Manufacturing costs added during the accounting period: Direct Materials $222,000 less than Conversion Costs Conversion Costs $556,000