On January 31, the cutting department of Rally Corp had 1,000 in process that were 100% complete as to materials but only 60% through the actual process. Costs of ending work in process were $1,250 in materials and $3,000 in conversion. Costs for February were $1 per EU for materials and $6 per EU for conversion. The department finished and transferred out 5,200 units. The company uses the FIFO method. What was the total cost of units transferred out?

Box 1: Select the best answer