Answer:
$467,500
Explanation:
Given that,
Total cost in the beginning inventory = $51,000
Units transferred out = 55,000 units
Equivalent unit cost for materials = $4
Equivalent unit cost for conversion = $4.50
Total cost of the units completed and transferred out:
= Units transferred out × (Equivalent unit cost for materials + Equivalent unit cost for conversion)
= 55,000 units × ($4 + $4.50)
= 55,000 units × $8.50
= $467,500