Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Beginning work in process inventory:
Units in beginning work in process inventory		2,300
Materials costs	$	8,700
Conversion costs	$	4,000
Percent complete with respect to materials		55	%
Percent complete with respect to conversion		25	%
Units started into production during the month		8,200
Units transferred to the next department during the month		7,400
Materials costs added during the month	$	111,800
Conversion costs added during the month	$	84,900
Ending work in process inventory:
Units in ending work in process inventory		3,100
Percent complete with respect to materials		70	%
Percent complete with respect to conversion		55	%

The cost of ending work in process inventory in the first processing department according to the companys cost system is closest to: (Round "Cost per equivalent unit" to 3 decimal places. Round "Cost of ending work in process inventory" to the nearest whole dollar amount.)

Multiple Choice

• $45,723

• $65,092

• $52,179

• $43,970