Graham Petroleum produces oil. On May 1, it had no work-in-process inventory. It started production of 204 million barrels of oil in May and shipped 174 million barrels in the pipeline. The costs of the resources used by Graham in May consist of the following: Materials $ 3,956 million Conversion costs (labor and overhead) $ 3,340 million

The production supervisor estimates that the ending work in process is 60 percent complete on May 31. Compute the cost of oil shipped in the pipeline and the amount in work-in-process ending inventory as of May 31.