The Franklin Company adds direct materials at the beginning of the manufacturing process. On July 1, 3,000 units were in process. All direct materials had been added and they were 40 % complete as far as conversion costs. The cost of the beginning inventory consisted of direct materials of $7,600 and conversion costs of $2,545. During July 17,000 units were added at a material cost of $20,400. Conversion costs were $32,490. On July 31 there were 2,500 units in the ending inventory. All direct materials were added and they were 70% complete for conversion costs. The Hamilton Corp adds direct materials at the beginning of the manufacturing process. On August 1, 420 units were in process. All direct materials had been added and they were 50 % complete as far as conversion costs. The cost of the beginning inventory consisted of direct materials of $937 and conversion costs of $370. During August 15,000 units were added at a material cost of $35,250. Conversion costs were $31,689. On August 31 there were 400 units in the ending inventory. All direct materials were added and they were 70% complete for conversion costs. The Kenley Corp adds direct materials at the beginning of the manufacturing process. On March 1, 2,300 units were in process. All direct materials had been added and they were 30 % complete as far as conversion costs. The cost of the beginning inventory consisted of direct materials of $4,699 and conversion costs of $1,219. During March 31,500 units were added at a material cost of $65,520. Conversion costs were $54,213. On March 31 there were 3,050 units in the ending inventory. All direct materials were added and they were 60% complete for conversion costs. The Studley Company adds direct materials at the beginning of the manufacturing process. On May 1, 2,200 units were in process. All direct materials had been added and they were 40 % complete as far as conversion costs. The cost of the beginning inventory consisted of direct materials of $3,440 and conversion costs of $6,480. During May 31 24,400 units were added at a material cost of $45,140. Conversion costs were $66,038. On May 31 there were 2,000 units in the ending inventory. All direct materials were added and they were 60% complete for conversion costs.