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Required information [The following information apples to the questions displayed below] Afinin Loboretories uses the weighted-average method to account for its workin-process inventories. The accounting

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Required information [The following information apples to the questions displayed below] Afinin Loboretories uses the weighted-average method to account for its workin-process inventories. The accounting records show the following information for February Quantity informetion is obteined from the manufacturing records and includes the following Eeginsint inentory currest perled. unlts starte thale inventory 45,000 units (4es conolete as to materials, 158 conslete as to conversion) 22,000 units (75x corpiete as to materials, 35x conplete as to cenversion) Compute the cost of goods tronsferted out and the ending inventory for February using the welghted overoge method Note: Do not round intermediete chleuletions

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