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 had Direct materials at $ 2,200 and Conversion costs at $ 700. Current period costs had Direct materials at $30,488 and Conversion costs at $ 20,555. Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory had 560 units (60% complete as to materials, 60% complete as to conversion). Current period units started 4,200 units Ending inventory had 1,100 units (40% complete as to materials, 20% complete as to conversion). COMPUTE THE COST OF GOODS TRANSFERRED OUT and COMPUTE 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.)