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This question was asked before and given the wrong answers. Compute the cost of goods transferred out and the cost of ending inventory for March using the FIFO method.

Required Information [The following information applies to the questions displayed below.] Bellevue Chemicals had beginning work-In-process Inventory of $254,765 on March 1 . Of this amount, $102,210 was the cost of direct materlals and $152,555 was the cost of conversion. The 24,320 unlts in the beginning inventory were 45 percent complete with respect to direct materlals and 65 percent complete with respect to conversion costs. During March, 58,480 units were transferred out and 15,600 remained in ending Inventory. The units In ending Inventory were 70 percent complete with respect to direct materlals and 15 percent complete with respect to conversion costs. Costs Incurred during March amounted to $952,670 for direct materlals and $1,057,763 for conversion. a-1. Compute the cost of goods transferred out and the cost of ending inventory for March using the FIFO method. a-2. Is the ending Inventory higher or lower under the weighted-average method compared to FIFO? Complete this question by entering your answers in the tabs below. Compute the cost of goods transferred out and the cost of ending inventory for March using the FIFO method. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Cost of goods transferred out Cost of ending inventory

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