The Matsui Lubricants plant uses the FIFO method to account for its work-in-process inventories. The accounting records show the following information for a particular day Beginning WIP inventory Direct materlals Conversion costs $ 982 377 Current period costs Direct materials Conversion costs 14,965 9,990 Quantity information is obtained from the manufacturing records and includes the following Beginning Inventory (65% complete as to materials, 55% complete as to conversion) 800 units 4,700 units 1.600 units (45% complete as to materials. Ending inventory