The following information is available for Department Z for the month of July: Units Cost Work in process, July 1 (60% complete) Direct materials 5,000 $12,000 Conversion 18,000 Total work in process, July 1 $30,000 Started in production during July 20,000 Costs added: Direct materials Conversion $36,000 52,000 $88,000 Total costs added during July Work in process, July 31, (50% complete) 4,000 Materials are added at the beginning of the process. (Round to two decimal places) Department Z's cost of ending work in process using the weighted average method would be