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	$	975
Conversion costs		542
Current period costs
Direct materials		23,520
Conversion costs		16,555

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

Beginning inventory	750	units	(60% complete as to materials, 56% complete as to conversion)
Current period units started	5,800	units
Ending inventory	2,000	units	(40% complete as to materials, 30% complete as to conversion) Equivalent unitsfor materials = 4900 Equavalent units for conversion costs= 4730 DIrect materials=4.8 cost per equivalent unit Conversion costs=3.5 cost per equivalent unit Compute the cost of goods transferred out and the ending inventory using the FIFO method. (Do not round intermediate calculations.)