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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 following information for a particular day:

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 $ 991
Conversion costs 332
Current period costs
Direct materials 13,100
Conversion costs 6,485

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

Beginning inventory 650 units (60% complete as to materials,
54% complete as to conversion)
Current period units started 4,400 units
Ending inventory 1,300 units (40% complete as to materials,
20% complete as to conversion)

Compute the cost of goods transferred out and the ending inventory using the weighted-average method

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