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 materials	$	992
Conversion costs		407
Current period costs
Direct materials		18,540
Conversion costs		10,538

Quantity information is obtained from the manufacturing records and includes the following:

Beginning inventory	900	units	(60% complete as to materials, 55% complete as to conversion)
Current period units started	4,900	units
Ending inventory	1,100	units	(40% complete as to materials, 25% complete as to conversion)

Exercise 8-32 Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3) 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