Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Beginning work in process inventory:
Units in beginning work in process inventory	2,100
Materials costs	$ 8,500
Conversion costs	$ 3,800
Percent complete with respect to materials	55%
Percent complete with respect to conversion	25%
Units started into production during the month	8,000
Units transferred to the next department during the month	7,200
Materials costs added during the month	$ 111,600
Conversion costs added during the month	$ 84,700
Ending work in process inventory:
Units in ending work in process inventory	2,900
Percent complete with respect to materials	70%
Percent complete with respect to conversion	55%

The cost of ending work in process inventory in the first processing department according to the companys cost system is closest to: (Round "Cost per equivalent unit" to 3 decimal places. Round "Cost of ending work in process inventory" to the nearest whole dollar amount.)

Multiple Choice

• $42,465

• $43,129

• $62,498

• $49,585