Finch Watches, Incorporated makes watches. Its assembly department started the accounting period with a beginning inventory balance of $$21,000.$ During the accounting period, the department incurred $$40,500$ of transferred$-$in cost$,$ $$22,000$ of materials cost, $$66,000$ of labor cost, and $$78,300$ of applied overhead cost. The department processed $6,700$ total equivalent units of product during the accounting period.

Required

$($Each requirement is independent of the other.$)$

a$.$ Assuming that $1,350$ equivalent units of product were in the ending work in process inventory, determine the amount of cost transferred out of the Work in Process Inventory account of the assembly department to the Finished Goods Inventory account. What was the assembly department's cost of ending work in process inventory?

b$.$ Assuming that $5,650$ units of product were transferred out of the assembly department's work in process inventory to finished goods inventory, determine the amount of the assembly department's cost of ending work in process inventory. What was the cost of the finished goods inventory transferred out of the assembly department?

$\backslash$table$[[$Cost Allocation,$],[$a$.$ To finished goods,$],[$a$.$ To ending inventory,$],[$b$.$ To finished goods,$],[$b$.$ To ending inventory,$]]$