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 $ 1,800 Conversion costs $500

Current period costs Direct materials $27,552 Conversion costs $14,190

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

Beginning inventory 650 units (60% complete as to materials, 50% complete as to conversion)

Current period units started 3,600 units

Ending inventory 1,000 units (50% complete as to materials, 30% complete as to conversion)

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