Hastings Company places material in production at the beginning of operations. In September, material costs totaled $6,240; direct labor, $10,500; and factory overhead, $5,724. On September 1, there were 600 units in process, one-third completed as to direct labor and onefourth completed as to factory overhead; these had a total cost of $1,310. There were 4,600 units completed and transferred during the month. Ending inventory consisted of 800 units, three-fourths completed as to direct labor and two-fifths completed as to factory overhead.

The company uses the FIFO method of costing.

Required:

a. Determine the costs to be assigned to the units in ending inventory.

b. Determine the costs to be assigned to the units transferred.