The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The...
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Accounting
The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day: Beginning WIP inventory $980 557 Direct materials Conversion costs Current period costs Direct materials Conversion costs 27,220 16,803 Quantity information is obtained from the manufacturing records and includes the following Beginning inventory 800 units (65% complete as to materials, 56% complete as to conversion) Current period units started Ending inventory 5,900 units 1,500 units (45% complete as to materials. 15% complete as to conversion) 3 value: Required information 10.00 points You did not receive full credit for this question in a previous attempt Compute the cost of goods transferred out and the ending inventory using the weighted-average method. (Do not round intermediate calculations.) Costs of goods transferred out Costs in ending inventory 45,522 S 4,340
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