Surf Products Company uses an automated process to clean and polish souvenir items. For March, the company had the following activities.

Beginning work in process inventory 3,000 items, 1/3 complete

Units placed in production 12,000 units

Units completed 9,000 units

Ending work in process inventory 6,000 items, 1/2 complete

Cost of beginning work in process $2,500

Direct material costs, current $9,000

Conversion costs, current $7,700

Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly through the process.

Using the FIFO method to determine the cost of goods completed and transferred and the cost of work in process ending inventory.

Please help and if you could show me the formulas step by step so I know how to arrive at the numbers. Thank you so much.