Whizmo Co manufactures and sells a perishable product, Zeemo, which has a very limited shelf life. Zeemo is produced in one production department. The company prefers to use the FIFO method of process costing which it believes will result in more accurate inventory costings. Direct materials are added at the beginning of the production process whilst conversion costs are incurred uniformly throughout the production process. The cost of beginning work in process (WIP) is made up of direct materials of $90,000 and conversion costs $30,000. During the month $200,000 direct materials cost and $110,000 conversion costs were incurred. Additional information for the month's production activities are as follows:

Physical Units: Beginning WIP (60% complete ) 50,000 units Units started during the month 100,000 units Ending WIP (20% complete) 40,000 units