The following data for Direct Materials (DM) and Conversion (CONV) for the past month for a single department of a manufacturer are shown: DM Conversion Costs in opening WIP: $65,000 $138,000 Costs incurred this month: $97,500 $207,000 Total equivalent units: 16250 15000 Units completed this month: 10000 Required: Calculate the cost in the CLOSING WIP Account at the end of this period. NOTE: Do NOT enter dollar signs ($) or commas. Example: If you wish to enter $1,500 just enter 1500