The Matsui Lubricants plant uses the FIFO method to account for its work-in-process inventories. The accounting records show the following information for a particular day: Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs $ 2,300 500 27,650 17,850 Quantity information is obtained from the manufacturing records and includes the following Beginning inventory 620 units (50% complete as to materials 50% complete as to conversion) Current period units started Ending inventory 4,100 units 1,300 units (30% complete as to materials 30% complete as to conversion) Required Compute the cost of goods transferred out and the ending inventory using the FIFO method. (Round unit costs for materials and conversion to 2 decimal places and the final answers to the nearest dollar amount. Omit the "$" sign in your response.) Cost of goods transferred out Cost of ending inventory