Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Beginning work in process inventory:
Units in beginning work in process inventory		1150?
Materials costs	$	12,400?
Conversion costs	$	22,650?
Percent complete with respect to materials		75?	%
Percent complete with respect to conversion		65?	%
Units started into production during the month		9500?
Units transferred to the next department during the month		8700?
Materials costs added during the month	$	168,300?
Conversion costs added during the month	$	357,500?
Ending work in process inventory:
Units in ending work in process inventory		1950?
Percent complete with respect to materials		65?	%
Percent complete with respect to conversion		50?	%

The cost of a completed unit transferred out of the department is closest to: (Round equivalent units to the nearest whole number and round all other intermediate calculations to 2 decimal places.)