Valley Manufacturing Company's beginning work-in-process inventory consisted of 40,000 units, 100% complete with respect to materials cost and 40% complete with respect to conversion costs. The total cos in the beginning inventory was $120,000. During the month, 50,000 units were transferred out. The equivalent unit cost was computed to be $2.80 for materials and $3.50 for conversion costs under the weighted-average method. Given this information, what was the total cost of the units completed and transferred out? $270,000$315,000$240,000$255,000 Question 7 (1 point) A manufacturer of blank DVDs would ordinarily use process costing rather than joborder costing