A company uses process costing to assign product costs. Available inventory information for a period is as follows:

	Inventory (in Units)	Material Cost	Conversion Cost
Beginning	0
Started during the period	15,000	$75,000	$55,500
Transferred out	13,500
End of period	1,500

The ending inventory was 25% complete as to the conversion cost. 100% of direct material was added at the beginning of the process. What was the total cost transferred out?

$130,500

$117,450

$121,500

$126,973