Stitch Perfect Ltd$.$ uses First$-$In$,$ First$-$Out $($FIFO$),$ and they calculated their equivalent units of production for this year to be:

$\backslash$begin$\{$tabular$\}\{|$l$|$r$|$r$|\}$

$\backslash$hline & $\backslash$begin$\{$tabular$\}\{$c$\}$

Direct Materials $\backslash \backslash$

$($DM$)$

$\backslash$end$\{$tabular$\}$ & $\backslash$begin$\{$tabular$\}\{$c$\}$

Conversion Costs $\backslash \backslash$

$($CC$)$

$\backslash$end$\{$tabular$\}\backslash \backslash$

$\backslash$hline $\backslash$begin$\{$tabular$\}\{$l$\}$

Units in Beginning WIP Inventory Completed This $\backslash \backslash$

Period

$\backslash$end$\{$tabular$\}$ & $0$ & $45\backslash \backslash$

$\backslash$hline Units Started and Completed This Period & $1,000$ & $1,000\backslash \backslash$

$\backslash$hline Units in Ending WIP Inventory & $200$ & $120\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

The sewing process at Stitch Perfect Ltd$.$ began the year with an inventory valued at $\backslash$$$4,500($Direct Materials were $100\backslash \%$ complete$).$ Stitch Perfect Ltd$.$ has calculated their cost per equivalent unit as follows: Direct Material $($DM$)\backslash (\backslash$$ $90\backslash )$ and Conversion Costs $($CC$)\backslash$$$50.$ How much cost should Stitch Perfect Ltd$.$ assign to the units completed and removed from WIP Inventory in the current year?

$144,500$

$148,550$

$142,250$

$146,750$