In: Accounting
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
Beginning WIP direct materials $32,000
Beginning WIP conversion costs $25,250
Costs of materials added $393,100
Costs of conversion added $275,125
WIP beginning (50% for conversion) 21,200 units
Units started 128,500 units
Units completed and transferred out 105,700 units
WIP ending (60% for conversion) 44,000 units
What is the total cost of units remaining in ending WIP? (Round intermediate calculations to the nearest cent and the final answer to the nearest dollar.)