Lala Land is a manufacturer of electronic dog whistles in a single processing department, assembly. DMs are added at the start of the process and conversion costs are added evenly throughout the process. The following information for July is available:

Units:

WIP, July 1:	1,500 units; DMs 100%; conversion costs 60%
Started in July:	8,000 units
Completed in July:	7,500 units
WIP, July 31:	2,000 units; DMs 100%; conversion costs 35%

Costs:

WIP, July 1:	DM $8,000; conversion costs $35,300
Started in July:	DM $68,000; conversion costs $153,300

Required

a) Calculate the total costs transferred out and the cost of ending WIP under the weighted-average method.

b) Calculate the total costs transferred out and the cost of ending WIP under the FIFO method.