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Required information [ The following information applies to the questions displayed below. ] Annin Laboratories uses the weighted - average method to account for its
Required information
The following information applies to the questions displayed below.
Annin Laboratories uses the weightedaverage method to account for its workinprocess inventories. The accounting
records show the following information for February:
Quantity information is obtained from the manufacturing records and includes the following:
Compute the cost of goods transferred out and the ending inventory for February using the weightedaverage method.
Note: Do not round intermediate calculations.
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