December 31st were 8,200 units for materials and 3,280 units for conversion costs. Circle uses the Circle Corporation finished 42,000 units during December. On December 31st, they had 8,200 units of inventory. The equivalent units FIFO method of process costing. The following unit costs were calculated for the month of December: Beginning Beginning Finished Ending Ending Materials Conversion and Materials Conversion Transferred Unit Cost $2.90 $3.20 $5.40 $2.70 $3.20 What was the dollar amount of inventory on December 31st? Multiple Choice O $34,276 $44,280 O O $61,992 O $48,380 O $32,636