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

A department uses the weighted average 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.

222 units in beginning WIP (58% complete with respect to conversion costs).

10,401 units started

110 units in ending WIP (11% complete with respect to conversion costs).

$23 direct material cost per equivalent unit

$22 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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