Carmelita Inc., has the following information available:

Costs from beginning inventory Costs from current period
Direct materials $2,500 $22,252
Conversion costs $6,200 $150,536

At the beginning of the period, there were 500 units in a process that was 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 total costs that will be transferred into Finished Goods for units started and completed were _____.
a. $162,855
b. $161,775
c. $156,960
d. $161,505