Refresh produces soft drinks and sodas. Production of 100,490 liters was started in February, 85,340 liters were completed. Material costs were $38,260 for the month while conversion costs were $16,580. There was no beginning work-in-process, the ending work-in-process was 40% complete. What is the cost of the product that was completed and transferred to finished goods? Multiple Choice $38,380 $51204 $54820