Stangol Company uses process costing to account for the production of highlighter pens. All direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. Cost per equivalent unit has been calculated to be $8.88 for conversion costs and $7.1318 for materials. During the period 12,900 physical units were worked on. Ending inventory still in process was 4,600 units (100% complete for materials, 50% for conversion). The value of ending WIP inventory using the weighted-average method would be: Multiple Choice $137,000.00. $70,829.90. $38,896.70. $53,230.28.