Completed output from a process in a period was 16,000 units. There was no opening work-in-progress but 1,200 units, which were complete for materials but only 40% processed in respect of conversion costs, were unfinished at the end of the period. The costs per equivalent unit for the period were: Materials $12.60 Conversion costs $8.70 What was the value of the closing work-in-progress?

Completed output from a process in a period was 16,000 units. There was no
opening work-in-progress but 1,200 units, which were complete for materials but
only 40% processed in respect of conversion costs, were unfinished at the end of the
period.

The costs per equivalent unit for the period were:
Materials $12.60

Conversion costs $8.70
What was the value of the closing work-in-progress?