Mullins Corporation uses the FIFO 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 950 Materials costs $ 12,000 Conversion costs $ 22,450 Percent complete with respect to materials 75 % Percent complete with respect to conversion 65 % Units started into production during the month 9,100 Units transferred to the next department during the month 8,300 Materials costs added during the month $ 164,300 Conversion costs added during the month $ 353,500 Ending work in process inventory: Units in ending work in process inventory 1,750 Percent complete with respect to materials 65 % Percent complete with respect to conversion 50 %

The cost of ending work in process inventory in the first processing department according to the companys cost system is closest to: