Question 38 (2.73 points) Following is a partial process cost summary for Maxwell Manufacturing's Canning Department. Direct Materials 50,000 Conversion 50,000 Equivalent Units of Production Units Completed and transferred out Units in Ending Work in Process: Direct Materials (15,000 100%) Conversion (15.000 - 80%) Equivalent Units of Production 15,000 65,000 12.000 62,000 Cost per Equivalent Unit Costs of beginning work in process Costs incurred this period Total costs Cost per equivalent unit $ 40,500 136,000 176,500 $ 2.71 per EUP $ 59,700 183.100 242,800 $ 3.92per EUP The total materials costs transferred out of the Canning Department equals: A) $136.000