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 Degree of Costs Completion Work-in-process beginning inventory (12,000 units) Transferred-in from Molding Direct materials costs Conversion costs $96,000 165,600 66,000 $ 327,600 100% 60 50 Work-in-process balance (August 1) During August, 104,000 units were transferred in from the Molding Department at a cost of $1,986,400 and started in Assembling. The Assembling Department incurred other costs of $1,134,240 in August as follows August Costs $ 966,600 Direct materials costs Conversion costs 167 640 $1,134,240 Total August costs At the end of August, 14,000 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.) Cost of goods transferred out Cost of WIP ending inventory