Swan Corp. began work on 3,000 units this period. Work in Process Inventory was 500 at the beginning of the period (60% complete) and 1,000 at the end of the period (50% complete). Beginning inventory costs were $3,000 for conversion costs and $7,000 for direct materials. During the period, Swan incurred $75,000 for conversion costs and $52,500 for direct materials. Swan uses the weighted average method of process costing. Direct materials are added at the beginning of the process, and conversion costs are incurred evenly throughout the period.