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Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first...

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Accounting

Haffner 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 1,400
Materials costs $ 8,700
Conversion costs $ 10,000
Percent complete with respect to materials 85 %
Percent complete with respect to conversion 55 %
Units started into production during the month 7,900
Units transferred to the next department during the month 7,000
Materials costs added during the month $ 103,600
Conversion costs added during the month $ 185,300
Ending work in process inventory:
Units in ending work in process inventory 2,300
Percent complete with respect to materials 60 %
Percent complete with respect to conversion 50 %

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.)

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