Production information shows the following costs and units for the smoothing department in August work in process Cost Units Beginning balance: materials $1,600 Beginning units 650) 2,300 Transferred in 1,820 Beginning balance: conversion Materials Labor Overhead 7,786 Transferred out 1,870 14,540 8,480 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