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Requlred Information [ The following information applies to the questions displayed below ] Annin Laboratorles uses the weighted - average method to account for its
Requlred Information
The following information applies to the questions displayed below
Annin Laboratorles uses the weightedaverage method to account for its workInprocess inventorles. The accounting records show the following information for February:
Beginning WIP inventory
Direct materials
conversion costs
$
current period costs
Direct materials
conversion costs
Quantity Information Is obtained from the manufacturing records and includes the following:
Beginning inventory
Current period units started
Ending inventory
units complete as to materials, complete as to conversion
units
units complete as to materials, complete as to conversion
Compute the cost of goods transferred out and the ending Inventory for February using the weightedaverage method.
Note: Do not round Intermedlate calculations.
tableCosts of goods transferred out,Costs in ending inventory,
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