O Solo Mio Co. uses process costing and has the following information:

Materials Conversion

Units completed 10,000 10,000

Units in ending WIP:

DM: 6,000 x 40% complete 2,400eu --------

CC:6,000 x 30% complete -------- 1,800eu

Total EU of output 12,400eu 11,800eu

Unit costs were $2.20 per unit for materials and $1.50 per unit for conversion.

1. What is the cost allocated to ending inventory?

2. Determine the cost allocated to goods completed and transferred out.