The leather belts produced at the Dallas Plant are sold wholesale for $9.80 each. Management wants to compare the current manufacturing costs per unit with the market prices for leather belts. Top management has asked the Dallas plant controller to submit data on the cost of manufacturing the leather belts for the month of October. These cost data will be used to determine whether modifications in the production process should be initiated or whether an increase in the selling price of the belts is justified. The cost per belt used for planning and control is $5.25 The work-in-process inventory consisted of 400 partially completed units on October 1. The belts were 25 percent complete as to conversion. The costs included in the inventory on October 1 were as follows Leather strips Buckles Conversion costs Total $900 250 260 $ 1,410 During October 7,800 leather strips were placed into production. A total of 6,800 leather belts were completed. The work- in-process inventory on October 31 consisted of 1,400 belts, which were 50 percent complete as to conversion The costs charged to production during October were as follows Leather strips Buckles Conversion costs Total $ 19,200 5,890 19,990 $ 45,080