Beginning inventory consisted of 1,200 units. All materials and 40 percent of labor and overhead were added in the prior period at a cost of $17,690. In addition, another 7,500 units were started and completed during the current period. The cost per equivalent unit is $5.50 for materials; $12.70 for labor, and $6.80 for overhead. What is the total cost of goods transferred out in the current period using FIFO?