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 $ 976 Conversion costs 272 Current period costs Direct materials 11,440 Conversion costs 6,644 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory 600 units (60% complete as to materials, 53% complete as to conversion) Current period units started 4,000 units Ending inventory 1,200 units (40% complete as to materials, 20% 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 $