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A department uses the FIFO method of process costing. All direct materials are added when units are 50% complete with respect to conversion costs. This

A department uses the FIFO method of process costing. All direct materials are added when units are 50% complete with respect to conversion costs. This department has the following data for this month.

223 units in beginning WIP (40% complete with respect to conversion costs).

11,800 units started

204 units in ending WIP (79% complete with respect to conversion costs).

$24 direct material cost per equivalent unit

$10 conversion cost per equivalent unit

What is the department's total cost of ending WIP for this month (round final answer to nearest cent if necessary)?

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