In the Shaping Department of Concord Company the unit materials cost is $3.00 and the unit conversion cost is $160. The department completed and transferred out 8000 units and had 2500 units in ending work in process inventory that were 25% complete as to conversion. If all materials are added at the beginning of the process, the cost to be assigned to ending work in process Inventory is $11500 $7500 $8500 $2875