Tims Teddy Bears manufactures high-end collectible teddy bears. During the current month, the purchasing manager purchased $52,300 of materials. At the beginning of the month, Tim had 50 partially completed teddy bears. The cost of these partially completed bears was $6,700. During the month, the company incurred the following costs to complete these units and to start and complete 5,150 new units. At the end of the month, there were 0 teddy bears in Work in Process Inventory; all teddy bears had been completed.

What is the cost of goods manufactured for the period?