Work in Process: Refining Department August 1 balance 62,000Completed and transferred to Finished Goods? Materials 310,000 Direct labor 72,000 Overhead 181,000 August 31 balance? The August 1 work in process inventory consisted of 6,000 units with $40,000 in materials cost and $22,000 in conversion cost. The August 1 work in process inventory was 100% complete with respect to materials and 40% complete with respect to conversion. During August 48,000 units were started into production. The August 31 work in process inventory consisted of 8,000 units that were 100% with respect to materials and 60% complete with respect to conversion. The materials cost included in the amount transferred from the Refining Department to Finished Goods is closest to:

67808

77808

85808

91808