B2K Inc. determined its cost per equivalent unit: $1.50 for direct materials and $5.50 for conversion. During the period, B2K Inc. completed and transferred out 50,000 units. At the end of the period there were 3,000 units partially complete in work-in- process. These partially completed units were equal to 2,000 equivalent units of direct materials and 2,500 equivalent units of conversion costs. What is the total cost assigned to total work-in-process ending inventory? 1) $3,000 2) $364,750 3) $13,750 4) $16,750