Production information shows the following costs and units for the smoothing department in August. Cost Units Work in process Beginning balance: materials $1,500 Beginning units 680 Beginning balance: conversion 2,700 Transferred in 1,760 Materials 7,040 Transferred out 1,820 Labor 14,500 Overhead 9,684 All materials are added at the beginning of the period. The ending work in process is 40% complete as to conversion. What is the value of the inventory transferred to finished goods and the value of the WIP inventory at the end of the month? Transferred out $ Ending inventory $