Cranford Company completed and transferred out 3,000 units in May 2016. There were 100 units in the Work-in-Process Inventory on May 31, 2016, 40% complete as to conversion costs and 100% complete as to materials. The month's charges for conversion costs and material costs were $12,160 and $9,920, respectively. There was no beginning inventory on May 1, 2016. What is the cost of the work transferred-out during May
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