3.) Price Company produces grape juice in a continuous process. The company employs a FIFO process costing system. Data concerning activity in January at the company are given in the table below.

	Direct Materials	Conversion Costs
Beginning WIP cost	$260,000	$80,000
Equivalent units in beginning WIP	17,000	16,000
Equivalent units in ending WIP	18,000	15,000
Costs per equivalent unit	$15.00	$4.50

200,000 units were completed and transferred out to finished goods during January. The total cost of the ending WIP is:

A. $691,000

B. $677,500

C. $351,000

D. $337,500