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CoursHeroTranscribedText: 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: Degree of Costs Completion Workinprocess beginning inventory (9,000 units) Transferredin from Molding $102,000 100% Direct materials costs 170,800 60 Conversion costs 61,000 50 Workinprocess balance (August 1) $333,800 During August, 102,000 units were transferred in from the Molding Department at a cost of $2,060,400 and started in Assembling. The Assembling Department incurred other costs of $1,100,825 in August as follows: August Costs Direct materials costs $ 373,800 Conversion costs 227,025 Total August costs $1,100,325 At the end of August, 14,000 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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