1. Refresh produces soft drinks and sodas. Production of 101,000 liters was started in February, 86,000 liters were completed. Material costs were $37,820 for the month while conversion costs were $17,380. There was no beginning work-in-process; the ending work-in-process was 40% complete. What is the cost of the product that remains in work-in-process?

   		$17,380.
   		$3,600.
   		$9,000.
   		$51,600.