Exercise 8-35 \& 8-36 (Static) (LO 8-5) [The following information applies to the questions displayed below.] The Matsui Lubricants plant uses the FIFO method to account for its work-in-process inventories. The accounting records show the following information for a particular day. Quantity information is obtained from the manufacturing records and includes the following. Exercise 8-36 (Static) Assign Costs to Goods Transferred Out and Ending Inventory: FIFO Method (LO 85) Compute the cost of goods transferred out and the ending inventory using the FIFO method. (Do not round intermediate calculations.)