Vallin Manufacturing Corporations beginning work in process inventory consisted of 9,300 units, 100% complete with respect to materials cost and 60% complete with respect to conversion costs. The total cost in the beginning inventory was $49,000. During the month, 53,000 units were transferred out. The equivalent unit cost was computed to be $3.80 for materials and $4.30 for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out was:

Multiple Choice

• $429,300

• $314,000

• $386,000

• $315,600