A company uses the weighted average method in its processing costing system and a normal costing system in the application of manufacturing overhead to production. MOH costs are applied to production at a rate of $3 per direct labor hour. All direct materials are added at the beginning of the production process. The following data relate to the operations of the companys first processing department for August 2013: Beginning WIP: 800 units, 60% complete with respect to conversion costs; Units started during the month: 16,000; Ending WIP 300 units, 40% complete with respect to conversion costs. On July 31st, $1,300 of direct materials and $2,400 of conversion costs were assigned to units in ending inventory. During August, $47,000 of direct materials were requisitioned for production and $215,000 of direct labor costs were incurred. Direct laborers are paid a rate of $10 per direct labor hour. The costs assigned to units in Ending Inventory on August 31st were: (round all calculations to the nearest penny) A. $3,873.60 B. $2,899.20 C. $2,433.60 D. $2,737.20 or E. $5,961.00