The Aniquilado Company uses process costing and has several production departments. Aniquilado uses the FIFO method. In the firm's first production department, all direct are added when the units are 50% complete with respect to conversion costs. This department has the following inventory information.

BWIP units (75% complete with respect to conversion costs): 5,000 Units completed: 150,000 EWIP units (40% complete with respect to conversion costs): 10,000

Total BWIP costs are $505,000. This period, the department has calculated the following cost per equivalent unit rates for direct materials and conversion costs.

$50 Direct material cost per equivalent unit. $75 Conversion cost per equivalent unit

What is the total cost of the department's units completed and transferred out for this period (round to cents if necessary)?

Group of answer choices

$18,750,000

$18,723,750

$19,255,000

$18,218,750