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 $ 29,553 9,505 Current period costs. 179,832 92,640 Direct materials Conversion costs Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory Current period unite started Ending inventory 6,000 units (40% complete as to materials, 15 complete as to conversion) 45,000 unite 29,000 units (755 complete as to materials, 355 complete as to conversion) Exercise 8-44 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: FIFO Method (LO 8- 5) 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 9 < Prev 8+ of 6 Next >