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		1,400
Materials costs	$	7,800
Conversion costs	$	3,100
Percent complete with respect to materials		55	%
Percent complete with respect to conversion		25	%
Units started into production during the month		7,300
Units transferred to the next department during the month		6,500
Materials costs added during the month	$	110,900
Conversion costs added during the month	$	84,000
Ending work in process inventory:
Units in ending work in process inventory		2,200
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:

• $53,419

• $36,406

• $34,050

• $40,506