The Following Data Has Been Provided by Leser Inc

Essay

The following data has been provided by Leser Inc. ,a company that uses the FIFO method in its process costing system.The data concern the company's Shaping Department for the month of June. $\begin{array}{llcc} \text { Cost in beginning work in process inventory........ } &\$1,150\\ \text { Units started and completed this month.............. } &2,910\\\end{array}$

$\begin{array} { l r c } & \text { Materials } & \text { Conversion } \\\text {Cost per equivalent unit ........................................ } & \$ 32.40& \$ 32.60 \\\text { Equivalent units required to complete the units in} & &\\\text { beginning work in process inventory .............. } &170&100\\\text {Equivalent units in ending work in process inventory..}&230&220\\ \end{array}$
Required:
Determine the cost of ending work in process inventory and the cost of the units transferred out of the department during June using the FIFO method.