ces my wo Exercise 8-38 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3) The following cost information is available for July for the Crest Plant at Calvert Company: Beginning work-in-process inventory Materials cost Conversion cost Total Current costs Materials cost Conversion cost Total $ 61,040 38,586 $ 99,626 $ 135,160 406,134 $ 541,294 Materials are added at the beginning of the process. The following quantities have been recorded: Beginning Inventory, 43,600 partially complete gallons, 25 percent complete with respect to conversion costs. Units started in July, 87,200 gallons. Units transferred out in July, 98,100 gallons. Ending inventory, 32,700 gallons, 40 percent complete with respect to conversion costs. Required: 15,40 Compute the cost of goods transferred out and the ending inventory for July using the weighted-average method. Note: Do not round your intermediate calculations. Cost of goods transferred out total Ending inventory total Next >