Carbaugh Corporation has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product.

Production volume	7,000	units	8,000	units
Direct materials	$82.90	per unit	$82.90	per unit
Direct labor	$58.20	per unit	$58.20	per unit
Manufacturing overhead	$74.20	per unit	$69.20	per unit

The best estimate of the total cost to manufacture 7,400 units is closest to: (Do not round intermediate calculations.)

$1,583,925

$1,595,100

$1,545,930

$1,577,220