Pierce & Company provides the following information concerning the work in process at its plant: . Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 61 percent complete). . Started this month, 60,200 units. Transferred out, 50,700 units. Ending inventory, 19,000 units (materials are 100 percent complete; conversion costs are 13 percent complete). ces Required: a. Compute the equivalent units for materials using the weighted average method, b. Compute the equivalent units for conversion costs using the weighted average method. Equivalent Units a Materials Conversion costs b 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 Direct materials Conversion costs Current period costs Direct materials Conversion costs 991 332 13, 100 6,485 Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending inventory 650 units (601 complete as to materials, 541 complete as to conversion) 4.400 units 1,300 units (40$ complete as to materials, 204 complete as to conversion) 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