A company uses the first-in, first-out method for its process costing. The following data is for February
Operations:
Units in Beginning Inventory		800
Units Started into Production		12000
Units Ending Inventory			400
Units Transferred to the Next Department	12400
					Material	Conversion
Percentage Completion Beginngin Inventory	80%	30%
Percentage Completion of Ending Inventory	90%	40%
Cost per equivalent units is $5.60, which consists of material costs of $2.45 and conversion costs of $3.15
Beginning inventory consistedof $1200 of material costs and $880 of conversion costs. A total of $72,982
was added during the month of Febraury, which consisted of $31,654 of materials and $41,328 of conversion
costs.
What is the cost assiged to ending work in process inventory?
2080
2240
1162
1366