Stangol Co. uses process costing to account for the production of highlighter pens. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Cost per equivalent unit has been calculated to be $8.91 for conversion costs and $7.1212 for materials. 13,200 units were worked on during the period. Ending inventory still in process was 4,800 units (100% complete for materials, 50% for conversion). The value of ending inventory using the weighted average method would be closest to: Multiple Choice $55,565.76 $139,000.00 $41,232.20 $73,165.40