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 $ 1,800 Conversion costs 400 Current period costs Direct materials 25,575 Conversion costs 19,442 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory 580 units (50% complete as to materials, 60% complete as to conversion) Current period units started 4,100 units Ending inventory 1,400 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