Deepwater Fishing Ltd assembles various components used in the fishing industry. The company's major product, a relay switch, is made by assembling three parts: XY634, AA788 and GU321. The following information relates to activities in April: Beginning work in process inventory: 4,000 units, 75 percent complete as to conversion; cost, $286,000 (direct materials $220,000 conversion cost, $66,000) Production started: 25,000 units Production completed: 24,000 units Ending work in process inventory: 5,000 units, 40 per cent complete as to conversion Direct materials used XY634, $267,000, AA788, $689,000, GU321, $448,000 Hourly wage of direct laborers, $20, total direct labor payroll $126, 500 Overhead application rate: $60 per direct labor hour All parts are introduced at the beginning of Deepwater Fishing's manufacturing process; conversion costs are incurred uniformly throughout the production process. The company were weighted average cost to allocate costs to production