Required information Exercise 8-33 & 8-34 (Algo) (LO 8-2, 3) [The following information applies to the questions displayed below) 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 975 542 24,170 15.42) Quantity information is obtained from the manufacturing records and includes the following Beginning inventory Current period units started Ending inventory 750 uniti (or complete us to saterials so complete to conversion) 5, Dit 2 niti (0 complete as to materials B complete conversion) Exercise 8-34 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: Weighted Average Method (LO 8-2, 3) LIVERAMI LUBU Current period costs Direct materials Conversion costs 24,170 15,423 Quantity Information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending Inventory 7Se units (sex complete as to saterials, 56% complete as to conversion) 5,800 units 2,eee units (aex complete as to materials, 3ex complete as to conversion) Exercise 8-34 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3) 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