A company started a new product, and in the first month started 90,000 units. The ending work in process inventory was 25,000 units that were 100% complete with materials and 75% complete with conversion costs. There were 90,000 units to account for, and the equivalent units for materials was $8 per unit while the equivalent units for conversion was $7 per unit. What is the value of the inventory transferred out, using the weighted-average inventory method?

Cost of inventory transferred $