Required Information [The following information applies to the questions displayed below.] Annin Laboratories uses the FIFO method to account for its work-in-process Inventories. The accounting records show the following Information for February. Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs $ 21,553 7,105 123,992 55,520 Quantity Information is obtained from the manufacturing records and includes the following: Beginning inventory Current period units started Ending inventory 6,000 units (40% complete as to materials, 15% complete as to conversion) 44,200 units 13,000 units (75% complete as to materials, 35% complete as to conversion) Compute the cost of goods transferred out and the ending Inventory for February using the FIFO method. Note: Do not round Intermediate calculations. Round your final answers to the nearest whole dollar. Cost of goods transferred out Cost of ending inventory