Refresh produces soft drinks and sodas. Production of 115,000 liters was started in February, 100,000 liters were completed. Material costs were $43,220 for the month while conversion costs were $30,980. 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?

Multiple Choice

• $4,200.

• $30,980.

• $9,000.

• $70,000.