Ralph, Inc. manufactures a product that passes through two processes: mixing and molding. All manufacturing costs are added uniformly in the Mixing Department (i.e., same completion percentage applies to materials and conversion costs). Information for the Mixing Department for January follows:

Work in process, January 1:

Units (35% complete) 7,500

Direct materials   $36,000

Direct labor   $45,000

Overhead (applied)   $15,000

During January, 26,750 units were completed and transferred to the Molding Department. The following costs were incurred by the Mixing Department during January:

Direct materials   $133,050

Direct labor   180,000

Overhead (applied)   45,000

At January 31, there were 3,750 units that were 80% complete remaining in Mixing Department.

Calculate the cost of January's ending work in process for the Mixing Department using the FIFO method.