Equivalent Units (This Period Only)
Flow of Production	Physical Units	Direct Materials	Conversion Costs
WIP: Beginning	2000
Started during current period	7000
To account for	9000
Completed & transferred out during current period
From Beginning WIP (0% DM, 60% CC this period)	2000	0	1200
Started and Completed (100% DM, 100% CC)	4000	4000	4000
WIP: Ending (100% DM, 30% CC)	3000	3000	900
Units accounted for	9000
Equivalent units of work done THIS PERIOD		7000	6100

	Direct Materials	Conversion Costs
WIP: Beginning	16,000	10,000
Costs added in current period	87,000	81,000

Note: The company completes items in beginning inventory first.

Using the above information and the FIFO method, calculate the balance for the WIP inventory account (in dollars) at the end of the period. (Round to nearest dollar after calculations are complete. Do not round early.)