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	1,550
Materials costs	$ 13,200
Conversion costs	$ 23,050
Percent complete with respect to materials	75%
Percent complete with respect to conversion	65%
Units started into production during the month	10,300
Units transferred to the next department during the month	9,500
Materials costs added during the month	$ 176,300
Conversion costs added during the month	$ 365,500
Ending work in process inventory:
Units in ending work in process inventory	2,350
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.)

Multiple Choice

• $493,775

• $527,475

• $565,923

• $506,320