Mullins Corporation uses the first in, first-out 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 1,150 Materials costs $ 12,400 Conversion costs $ 22,650 Percent complete with respect to materials 75% Percent complete with respect to conversion 65% Units started into production during the month 9,500 Units transferred to the next department during the month 8,700 Materials costs added during the month $ 168,300 Conversion costs added during the month $ 357,500 Ending work in process inventory: Units in ending work in process inventory 1,950 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 company's cost system is closest to (Round equivalent units to the nearest whole number and round all other intermediate calculations to 3 decimal places.) The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Round equivalent units to the nearest whole number and round all other intermediate calculations to 3 decimal places.) Multiple Choice 562.477 CT O $57894 $104,654 $71925