Production information shows the following costs and units for the smoothing department in August. Cost Units Work in process Beginning balance: materials $1,550 Beginning units 660 Beginning balance:...

Extracted text: Production information shows the following costs and units for the smoothing department in August. Cost Units Work in process Beginning balance: materials $1,550 Beginning units 660 Beginning balance: conversion 2,500 Transferred in 1,790 Materials 7,025 Transferred out 1,850 Labor 14,510 Overhead 7,350 All materials are added at the beginning of the period. The ending work in process is 30% complete as to conversion. What is the value of the inventory transferred to finished goods and the value of the WIP inventory at the end of the month? Transferred out Ending inventory $