er to the following information about the Shaping Department of the Minnesota Factory for the month of August. Minnesota Factory uses the FIFO method of inventory costing. Equivalent Units Total Cost Beginning Work in Process: Costs from prior month $ 7,000 Materials added 300 Labor and overhead added 375 Started and completed goods: Materials added 2,000 Labor and overhead added 2,000 Ending Work in Process: Materials added 320 Labor and overhead added 360 The cost per equivalent unit of materials is $10.00, and the cost per equivalent unit of labor and overhead is $22.00. Compute the cost that should be assigned to the beginning units that were completed and transferred during August.