Surf Products Company uses an automated process to clean and polish its souvenir items. Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process. The following data pertain to March.

Beginning work-in-process inventory6,000 items, 1/3 complete as to conversion costsUnits placed in production24,000 unitsUnits completed18,000 unitsEnding work-in-process inventory12,000 items, 1/2 complete as to conversion costs Cost of beginning work-in-process$5,000Direct material costs, current month$18,000Conversion costs, current month$15,400

Required:

Using the first-in, first-out method determine the assignment of costs to units transferred-out and ending inventory.