Production information shows the following costs and units for the smoothing department in August. Cost Units Work in process Beginning balance: materials $1,600 Beginning units 610 Beginning balance: conversion 2,300 Transferred in 1,760 Materials 7,406 Transferred out 1,730 Labor 14,500 Overhead 4,567 All materials are added at the beginning of the period. The ending work in process is 20% 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 $