14. The Nameless Co. uses process costing and has the following information:

Materials Conversion

Units completed 1,000 1,000

Units in ending WIP:

6,000 x 60% complete 3,600 --------

6,000 x 40% complete -------- 2,400

Total EU of output 4,600 3,400

*Unit costs were $1.60 per unit for materials and $4.10 per unit for conversion.

Determine: a. Cost of ending inventory.

b. Cost of goods completed and transferred out.