Problem 8-46 FIFO Process Costing (LO 8-4, 5) Pantanal lnc. manufactures car seats in a local factory- For costing purposes, it uses a first-in, first-out (FIFO) process costing system. The factory has three departments: Molding, Assembling, and Finishing Following is information on the beginning work-in-process inventory in the Assembling Department on August 1: During August 104,000 units were transferred in from the Molding Department at a cost of $2,173,600 and started in Assembling The Assembling Department incurred other costs of $1,156,890 in August as follows: At the end of August, 18,000 units remained in inventory that were 80 percent complete with respect to direct materials and 50 percent complete with respect to conversion. Required: Compute the cost of goods transferred out in August and the cost of work-in-process ending inventory (Round intermediate calculations to 2 decimal places.)