2. Taipei Company produces closets in two departments: molding and finishing. The company uses the weighted-average method of process costing. August data for the finishing department are as follows:

Cost of units transferred in during current period | $1,618,750 | Conversion costs are added evenly during the process. Direct material costs are added when production is 90% complete. The inspection point is at the 80% stage of production. Normal spoilage is 10% of all good units that pass inspection.
Spoiled units are disposed of at zero net disposal value.
Required: (15%)