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. 
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.
Definitions:
Revenue Management
The application of disciplined analytics that predict consumer behavior at the micro-market level to optimize product availability and price to maximize revenue growth.
Limited Supply
A situation where the availability of a product or resource is less than the demand for it, often leading to increased prices.
Pricing
The process of determining the monetary value at which a product or service will be sold.
Spot Market
A public financial market in which financial instruments or commodities are traded for immediate delivery.
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