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 (11,000 units) Transferred-in from Molding Direct materials costs Conversion costs Work-in-process balance (August 1) 100% 70 $ 96,000 168,000 62,000 $326,000 During August, 101,000 units were transferred in from the Molding Department at a cost of $2,070,500 and started in Assembling. The Assembling Department incurred other costs of $949,690 in August as follows: Direct materials costs Conversion costs Total August costs August Costs $ 808,170 141,520 $949,690 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. (Do not round intermediate calculations.) Cost of goods transferred out Cost of WIP ending inventory