A Company employs a process costing system. Direct materials are added at the beginning of the process. Relevant information about July's activities follows. 1 July Beginning Inventory 1,500 units (60% complete) DM Cost $5,925 CC Cost $4,095 During July 15,000 units started DM added $150,000 CC added $83,520 31 July Ending Inventory 3,000 units (40%) Required: Using the FIFO method, compute the cost of goods completed and transferred out during July.