A company started a new product, and in the first month started 64,924 units. The ending work in process inventory was 18,594 units that were 100% complete with materials and 59% complete with conversion costs. There were 18,594 units to account for, and the equivalent units for materials was $5 per unit while the equivalent units for conversion was $9 per unit. What is the value of the inventory transferred out, using the weighted-average inventory method?