Valley Manufacturing Corporation's beginning work in process inventory consisted of 14,000 units, 100% complete with respect to materials cost and 40% complete with respect to conversion costs. The total cost in the beginning inventory was $38,000. During the month, 58,000 units were transferred out. The equivalent unit cost was computed to be $2.8 for materials and $4.2 for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out was: