Assume the following information:

Percent CompleteMilling DepartmentUnitsMaterialsConversionBeginning work in process inventory20040%30%Units started into production during March6,200Units completed during the period and transferred to the next department5,800100%100%Ending work in process inventory60070%60%

Milling DepartmentMaterialsConversionCost of beginning work in process inventory$10,000$15,000Costs added during the period300,000385,000Total cost$310,000$400,000

Using the FIFO method, the total cost of the ending work in process inventory with respect to materials is closest to:

Multiple Choice

• $20,521.
• $21,205.
• $22,141.
• $21,505.