Pantana, Inc., manufactures car seats in a local factory. For costing purposes, it uses a first-in, first- out (FIFO) process costing system. The factory has three departments: Molding, Assembling, and Finishing. Following is information on the beginning work-in-process inventory in the Assembling Department on August 1 Degree of Completion Costs Work-in-process beginning inventory (12,500 units) 164.400 61,000 $323.400 100% 60 40 During August, 127,500 units were transferred in from the Molding Department at a cost of S2,142,000 and started in Assembling. The Assembling Department incurred other costs of S1,164,600 in August as follows August Costs S 939,600 Direct materials costs.. . _ _ _ . . .. 225,000 At the end of August, 20,000 units remained in inventory that were 90 percent complete with respect to direct materials and 50 percent complete with respect to conversion Required Compute the cost of goods transferred out in August and the cost of work-in-process ending inventory