2. A company uses the FIFO method of process costing. All direct materials are added when units are 50% complete with respect to conversion costs. This department has the following data for this month.

- 131 units in beginning WIP (60% complete with respect to conversion costs). - 764 units started - 144 units in ending WIP (87% complete with respect to conversion costs). - $477 Beginning WIP direct material costs - $505 Beginning WIP conversion costs - $6,938 Current period direct material costs - $5,030 Current period conversion costs

What is the department's total cost for units completed and transferred out for this month? (round your answer to the nearest cent)