Required information 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 $ 975 materials Conversion 362 costs Current period costs Direct materials 14,600 Conversion costs 7,523 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory 750 units (60% complete as to Current period 4,600 units units started materials, 52% complete as to conversion) Ending inventory 1,500 units (40% complete as to materials, 20% 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 Costs in ending Inventory