In March, Burlywood had the following results: Production:

Units in process, March 1, 80% complete	36,000 units
Units completed and transferred out	120,000 units
Units in process, March 31, 40% complete	44,500 units
Costs:
Work in process, March 1	$11,600
Costs added during March	$32,000

Determine the total cost to be assigned using the first-in, first-out costing method.

a. $55,200

c. $48,080

d. $52,320