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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 work-in-process inventories. The accounting

image text in transcribed Required information [The following information applies to the questions displayed below.] Annin Laboratories uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for February: Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs $ 20,553 6,805 225,147 117,468 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory Current period units started) Ending inventory 6,000 units (40% complete as to materials, 15% complete as to conversion) 44,000 units 11,000 units (75% complete as to materials, 35% complete as to conversion) Compute the cost of goods transferred out and the ending inventory for February using the weighted-average method Note: Do not round intermediate calculations. Costs of goods transferred out Costs in ending inventory MacBook Pro

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