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The following cost information is avallable for July for the Crest Plant at Calvert Company. Materials are added at the beginning of the process. The following quantities have been recorded: - Beginning inventory, 49,300 partially complete gallons, 15 percent complete with respect to conversion costs - Units started in July, 89,500 gallons. - Units transferred out in July, 99,500 gallons. - Ending inventory, 39,500 gallons, 65 percent complefe with respect to conversion costs. Required: Compute the cost of goods transferred out and the ending inventory for July using the FIFO method. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar
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