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Accounting

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Required information
[The following information applies to the questions displayed below.]
Annin Laboratories uses the weighted-average method to account for its work-in-process inventories. The accounting
records show the following information for February:
Beginning WIP inventory
Direct materials $ 25,053
Conversion costs 8,155
Current period costs
Direct materials 149,367
Conversion costs 75,225
Quantity information is obtained from the manufacturing records and includes the following:
Compute the cost of goods transferred out and the ending inventory for February using the weighted-average method.
Note: Do not round intermediate calculations.
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