Physical Units

Direct Materials

Conversion Costs

Work in Process, Jan $1*$

$40$

$$6,000$

$$700$

Started during the year

$45$

Work in Process, Dec $31**$

$26$

Total cost added in the year

$$16,000$

$$6,400$

$*$ Beginning WIP was $100\%$ complete for direct materials and $30\%$ complete for conversion costs.

$**$ Ending WIP was $100\%$ complete for direct materials and $43\%$ complete for conversion costs.

What was the total value of Ending WIP on December $31$ assuming the FIFO method is used? Round your answer to the nearest whole dollar.