Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 16,000 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $24,400. A total of 49,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.20 for materials and $4.00 for conversion costs. The total cost of the units completed and transferred out of the department was:

• $254,800

• $260,000

• $196,000

• $240,800