Kyler Industries started a new batch of paint on October 1. The new batch consists of 8,700 cans of paint, of which 7,500 was completed and transferred to finished goods. During October, the manufacturing process recorded the following expenses: Direct materials = $10,353 Direct labor = $17,970 Applied overhead = $9,000 The inventory still in process is 100% complete with respect to materials and 30% complete with respect to conversion. Assuming there is no beginning work in process inventory, what is the value of inventory transferred out? * 5 points $37,323.00 $34,659.73 $26,970.00 $25,734.73 4. Beginning inventory