Question: Crone Corporation uses the FIFO method in its process costing system. The following data concern the company's Assembly Department for the month of August. Cost

Crone Corporation uses the FIFO method in its process costing system. The following data concern the company's Assembly
Department for the month of August.
Cost in beginning work in process inventory
$1,180
Units started and completed this month
2,780
Required:
Required:
Determine the cost of ending work in process inventory and the cost of units transferred out of the department during August using
the FIFO method.
Note: Round final answers to the nearest whole dollar amount.
 Crone Corporation uses the FIFO method in its process costing system.

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