In May, one of the processing departments at Stitzel Corporation had beginning work in process inventory of $37,000 and ending work in process inventory of $13,000. During the month, the cost of units transferred out from the department was $490,000. In the department's cost reconciliation report for May, the total cost to be accounted for under the weighted-average method would be:

$527,000

$50,000

$503,000

$540,000