Sarver Company Uses the Weighted-Average Method in Its Process Costing

Multiple Choice

Sarver Company uses the weighted-average method in its process costing system.The Fitting Department is the second department in its production process.The data below summarize the department's operations in March:
$$\begin{array} { | l | r | r | } \hline & \text { Units } & \text { Percentage complete } \\\hline \text { Beginning work in process } &7,100 & 70 \% \\\hline \text { inventory } & & \\\hline \text { Transferred in from the } & 61,000 & \\\text { prior department during } \\\text { April }\\\hline\text { Ending work in process } & 4,600 & 30 \% \\\text { inventory }\\\hline\end{array}$$

The Fitting Department's production report indicates that the cost per equivalent unit for conversion cost for March was $8.24.
How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

A) $482,287.20.
B) $502,640.00.
C) $523,240.00.
D) $561,144.00.