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please explain Homework Chapter 86 Sud Help so 2 The Matsui Lubricants plant uses the weighted average method to account for its work in process
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Homework Chapter 86 Sud Help so 2 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 Part 2 of 2 $ 1.010 52 Hegi IP inventory Direct materiale Conversion costo Current period costs Direct materials Conversion costs 24,60 14,38 5 Quantity Information is obtained from the manufacturing records and includes the following Beginning inventory Current period units started Ending inventory 700 units (0 complete tomaterials, 56% complete to conversion) 5.700 units 1,900 units (sex complete to materials, 25% 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 Gostsin ending inventory Step by Step Solution
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