Pantanal, 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: Costs Degree of Completion Work-in-process beginning inventory (10,000 units) Transferred-in from Molding Direct materials costs Conversion costs Work-in-process balance August 1) $ 97,eee 174,400 64, eee $335,400 100% 60 50 During August, 104,000 units were transferred in from the Molding Department at a cost of $2.173,600 and started in Assembling. The Assembling Department incurred other costs of $1.156.240 in August as follows: Direct materials costs Conversion costs Total August costs August Costs $ 848,800 307,440 $1,156,240 At the end of August, 19,000 units remained in inventory that were 90 percent complete with respect to direct materials and 40 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. (Do not round Intermediate calculations Required: Compute the cost of goods transferred out in August and the cost of work-in-process ending inventory. (Do not round intermediate calculations.) Cost of goods transferred out Cost of WIP ending inventory