Penny Inc. uses process costing. All direct materials are added at the beginning of the process. Information about Julys activities is as follows:

On July :

Line Item Description Value

Beginning inventories units, complete

Direct materials cost $

Conversion costs $

During July:

Line Item Description Value

Number of units started

Direct materials added $

Conversion costs added $

On July :

Ending inventories units, complete

Using the FIFO method and rounding cost per unit to four decimal places, the cost of goods completed and transferred out during July was