Mullins Corporation uses the first-in, first-out 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 800

Materials costs $ 11,700

Conversion costs $ 22,300

Percent complete with respect to materials 75%

Percent complete with respect to conversion 65%

Units started into production during the month 8,800

Units transferred to the next department during the month 8,000

Materials costs added during the month $ 161,300

Conversion costs added during the month$ 350,500

Ending work in process inventory:

Units in ending work in process inventory 1,600

Percent complete with respect to materials 65%

Percent complete with respect to conversion 50%

The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:(Round equivalent units to the nearest whole number and round all other intermediate calculations to 3 decimal places.)