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Claremore Industries uses a weighted-average process-costing system. All materials are added at the beginning of...

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Accounting

Claremore Industries uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evenly throughout production. The company finished 40,200 units during the period and had 15,400 units in progress at year-end, the latter at the 50% stage of completion. Total material costs amounted to $222,000; conversion costs were $415,000. The cost of goods completed is closest to (Do not round intermediate calculations): Multiple Choice None of the answers is correct. $415,000. $508,799. $637,000. $313,000

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