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		1,100
Materials costs	$	12,300
Conversion costs	$	22,600
Percent complete with respect to materials		75	%
Percent complete with respect to conversion		65	%
Units started into production during the month		9,400
Units transferred to the next department during the month		8,600
Materials costs added during the month	$	167,300
Conversion costs added during the month	$	356,500
Ending work in process inventory:
Units in ending work in process inventory		1,900
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.)