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Pantanal, Inc., manufactures car seats in a local factory. For costing purposes, it uses a...

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Pantanal, Inc., manufactures car seats in a local factory. For costing purposes, it uses a first-in, first-out (FIFO) process costing system. The factory has three departments: Molding, Assembling, and Finishing. Following is information on the beginning work-in-process inventory in the Assembling Department on August 1: Costs Degree of Completion Work-in-process beginning inventory (10,000 units) Transferred-in from Molding Direct materials costs Conversion costs work-in-process balance (August 1) $102,000 171,200 61,000 $334, 200 1003 60 30 During August, 98,000 units were transferred in from the Molding Department at a cost of $1,881.600 and started in Assembling. The Assembling Department incurred other costs of $1,007,790 in August as follows: Direct materials costs Conversion coste Total August costs August Costs $ 75,760 132,030 $1,007,790 At the end of August, 18,000 units remained in inventory that were 80 percent complete with respect to direct materials and 60 percent complete with respect to conversion Required: Compute the cost of goods transferred out in August and the cost of work-in-process ending inventory (Do not round intermediate calculations.) Cost of goods transferred out Cost of WIP ending inventory

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