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. 955 482 Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs 16,310 13,566 Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending inventory 550 units (60% complete as to materials, 56% complete as to conversion) 5,400 units 1,600 units (40% complete as to materials, 30% complete as to conversion) Compute the cost of goods transferred out and the ending inventory using the FIFO method. (Do not round intermediate calculations.) Cost of goods transferred out Cost of ending inventory