Assume the following information:
Milling Department Units Percent Complete
Materials Conversion
Beginning work in process inventory 200 40% 30%
Units started into production during March 6,200
Units completed during the period and transferred to the next department 5,800 100% 100%
Ending work in process inventory 600 35% 65%
Milling Department Materials Conversion
Cost of beginning work in process inventory $ 10,000 $ 15,000
Costs added during the period 290,000 385,000
Total cost $ 300,000 $ 400,000
Using the FIFO method, what is the total cost of ending work in process inventory reported on the cost reconciliation report?