WIP, beginning inventory (May 1) 2,500 units (100% complete for DM, and 40% for conversion cost) 7,500 Started during May Completed and Transferred out during 8,200 May WIP, ending inventory 1,800 (100% complete for DM, and 45% for conversion cost) Cost per equivalent unit $16 for direct materials $12.5 for conversion costs Calculate the cost of goods completed and transferred out using the FIFO method. (DON'T USE THE DOLLAR SIGN OR COMMAS) Answer: X The correct answer is: 220125