Moving to the next question prevents changes to this answer. Question 28 Bag Company had a beginning inventory of 4,000 bags (40% complete) with total costs of $18,000 on January 1 Another 20,000 units were started and finished during the current period. All direct materials costs are added at the beginning of the production process and conversion costs are added uniformly throughout. Bag Company uses FIFO process-costing and has calculated equivalent unit casts as follows: Materials - $8.00 Conversion - $14.00 REQUIRED: What is the total cost of goods transferred out (completed) using the FIFO method? Ca $470,000. Ob.$440,000 $ 491,600. Od.$ 468,000, Moring to the next question prevents changes to this