The managerial accountant at the Snowboard Factory reported that the company makes internal transfers at 150% of full cost. The Wood Refining Division purchases 35,000 slabs of wood per day, on average, from a local supplier, who delivers wood for $50 per slab via an external shipper. To reduce costs, the company located an independent supplier in Utah who is willing to sell 35,000 slabs of wood at a variable cost of $4.25 per slab. Required Compute the full cost of purchasing the wood from the Utah supplier and shipping it to the Wood Refining Division.

		$1,525,000
		$1,600,350
		$1,625,950
		$1,898,750