Westlake Manufacturing utilizes a process costing system. The beginning work-in-process inventory consisted of 16,000 units which were 100% complete with respect to materials and 70% complete with respect to conversion costs. The total cost in beginning inventory was $45,000. During the month 62,000 units were transferred out to the next department. The equivalent cost per unit was $1.40 for materials and $3.10 for conversion costs. The total cost of the inventory transferred out during the period was: