The Matsui Lubricants plant uses the weighted-average 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	$	970
Conversion costs		347
Current period costs
Direct materials		14,330
Conversion costs		6,997

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

Beginning inventory	700	units	(70% complete as to materials, 55% complete as to conversion)
Current period units started	4,500	units
Ending inventory	1,400	units	(50% complete as to materials, 20% complete as to conversion)

3.

value: 2.50 points

Required information

Compute the cost of goods transferred out and the ending inventory using the weighted-average method. (Do not round intermediate calculations.)