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 640 Beginning balance: conversion 2,400 Transferred in 1,770 Materials 7,658 Transferred out 1,770 Labor 14,530 Overhead 10,240 All materials are added at the beginning of the period. The ending work in process is 50% 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 $