The Richmond Company uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work-in-process inventory on August 31 consisted of 20,000 units. The units in the ending work-in-process inventory were 100% complete with respect to materials and 60% complete with respect to labour and overhead. If the cost per equivalent unit for August was $3.75 for materials and $4.25 for labour and overhead, what was the total cost assigned to the ending work-in-process inventory?

Multiple Choice

A. $75,600

B. $132,000

C. $80,100

D. $126,000