At the beginning of the period, there were 500 units in process that were 60% complete as to conversion costs and 100% complete as to direct materials costs. during the period, 4,500 units were started and completed. ending inventory contained 340 units that were 30% complete as to conversion costs and 100% complete as to materials costs. the company uses the fifo process cost method. round cost per unit figures to two cents, i. e., $2.22, when calculating total costs. the total costs transferred into finished goods for units started and completed were
(a) $161,775
(b) $156,960
(c) $162,855
(d) $161,505