Builder Products, Inc., manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May:

  Production data:

   Pounds in process, May 1; materials
      100% complete; conversion 90% complete

86,000   

    Pounds started into production during May

510,000   

    Pounds completed and transferred out

?   

    Pounds in process, May 31:
      materials 70% complete; conversion 30% complete

55,000   

  Cost data:

    Work in process inventory, May 1:

        Materials cost

$

98,200   

        Conversion cost

$

62,600   

    Cost added during May:

        Materials cost

$

510,275   

      Conversion cost

$

344,375