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[The following information applies to the questions displayed below] Annin Laboratories uses the FIFO method to account for its work-in-process inventories. The accounting records show

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[The following information applies to the questions displayed below] Annin Laboratories uses the FIFO method to account for its work-in-process inventories. The accounting records show the following information for February: Quantity information is obtained from the manufacturing records and includes the following: 9pute the cost of goods transferred out and the ending inventory for February using the FiFO method. ote: Do not round intermediate colculations. Compute the cost of goods transferred out and the ending inventory for February using the FIFO method. Note: Do not round intermediate calculations

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