Mundes Corporation uses the weighted average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 2,800 units that were 60% complete with respect to materials and 40% complete with respect to conversion costs. The cost of the beginning work in process inventory in the department was recorded as $9,600. During the period, 8,800 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $480 for material and 55 80 for conversion costs. The cost of units transferred out during the month was Multiple Choice O $51040 O $64,800 0 $93.280