Bag Company had a beginning inventory of 4000 bags with costs of $18,000. The direct materials were complete and all overhead had been assigned, however,only 40% of direct manufacturing labour was added in the prior period. Another 20,000 units were started and completed during the current period. Unit costs are as follows: materials $8.00 labour $9.00 overhead $5.00 What is the total cost of goods transferred out using the FIFO method?

a 479,600

b 440,000

c 519,500

472,400

491,600