Question: Mullins Corporation uses the first-in, first-out method in its process costing system. Data concerning the first processing department for the most recent month are listed

Mullins Corporation uses the first-in, first-out method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Beginning work in process inventory:
Units in beginning work in process inventory 1,250
Materials costs $ 12,600
Conversion costs $ 22,750
Percent complete with respect to materials 75%
Percent complete with respect to conversion 65%
Units started into production during the month 9,700
Units transferred to the next department during the month 8,900
Materials costs added during the month $ 170,300
Conversion costs added during the month $ 359,500
Ending work in process inventory:
Units in ending work in process inventory 2,050
Percent complete with respect to materials 65%
Percent complete with respect to conversion 50%

The total cost transferred from the first processing department to the next processing department during the month is closest to: (Round equivalent units to the nearest whole number and round all other intermediate calculations to 3 decimal places.)

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