Ralph, Inc. manufactures a product that passes through two processes: mixing and molding. All manufacturing costs are addeduniformly in the Mixing Department (i.e., same completion percentage applies to materials and conversion costs). Information for theMixing Department for January follows:

Work in process, January 1:

Units (35% complete) 7,500

Direct materials $36,000

Direct labor $45,000

Overhead (applied) $15,000

During January, 26,750 units were completed and transferred to the Molding Department. The following costs were incurred by theMixing Department during January:

Direct materials $133,050

Direct labor 180,000

Overhead (applied) 45,000

At January 31, there were 3,750 units that were 80% complete remaining in Mixing Department.

Calculate the cost of January's ending work in process for the Mixing Department using the FIFO method.