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	$	962
Conversion costs		497
Current period costs
Direct materials		19,320
Conversion costs		14,994

Quantity information is obtained from the manufacturing records and includes the following:

Beginning inventory	600	units	(70% complete as to materials, 55% complete as to conversion)
Current period units started	5,500	units
Ending inventory	1,700	units	(50% complete as to materials, 20% complete as to conversion)

Compute the cost of goods transferred out and the ending inventory using the FIFO method.