I missed this question on the last quiz. This is for review.

Evans Products uses a process costing system with two processing departments: the Mixing Department and the Finishing Department. In June, unit costs incurred by the Mixing Department amounted to $5.00 per unit. Unit costs transferred to the finished goods warehouse during the month amounted to $30.00. Work-in-process inventories are reduced to zero each month.

If 80% of all inventory was sold at $39 per unit and 3,500 units were sold, what is the cost of the finished goods inventory at year-end?

My answer that is wrong, $4,375