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The Matsui Lubricants plant uses the weighted - average method to account for its work - in - process inventories. The accounting records show the
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. Quantity information is obtained from the manufacturing records and includes the following: Compute the cost of goods transferred out and the ending inventory using the weighted - average method. (Do not round intermediate calculations.)
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