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The following data for Direct Materials ( DM ) and Conversion ( CONV ) for the past month for a single department of a manufacturer

The following data for Direct Materials (DM) and Conversion (CONV) for the past month for a single department of a manufacturer are shown:
DM
Conversion
Costs in opening WIP:
$316,800
$475,200
Costs incurred this month:
$739,200
$1108,800
Total equivalent units:
48000
36000
Units completed this month:
24000
Required:
Calculate the cost of the goods completed and transferred out this period.

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