Question - At Opal Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
WIP beginning (70% for conversion) 20,200 units
Units started 154,000 units
Units completed and transferred out 115,000 units
WIP ending (50% for conversion) 59,200 units
Beginning WIP direct materials $51,200
Beginning WIP conversion costs $27,200
Costs of materials added $443,100
Costs of conversion added $268,000
What is the total cost of units completed and transferred out?