The Poolside Company uses a FIFO process costing system. The following data are available: Beginning inventory 1,000 units (100% complete to materials and 50% complete to labor and overhead); Units started in production 19,000; Units finished during the period 16,000; Units in process at the end of the period (100% complete to materials and 25% complete to labor and overhead) 4,000; Costs in beginning inventory were materials of $1,500 and Labor and overhead costs $1,000; Cost added during the period were $35,200 for materials and Labor and overhead costs of $37,400. What is the FIFO value of materials transferred out of ending Work in Process Inventory for the period? Round to the nearest $1.00.