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 $ 1,010 Conversion costs 527 Current period costs Direct materials 24,060 Conversion costs 14,398 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory 700 units (70% complete as to materials, 54% complete as to conversion) Current period units started 5,700 units Ending inventory 1,900 units (50% complete as to materials, 25% complete as to conversion)

Required:

(1) Compute the equivalent units for the materials and conversion cost calculations.

EQUIVALENT UNITS FOR MATERIAL=

EQUIVALENT UNITS FOR CONVERSION COST=

(2) Compute the cost per equivalent unit for direct materials and conversion costs. (Round your answers to 2 decimal places.)

MATERIALS=

CONVERSION COST=

3)Compute the cost of goods transferred out and the ending inventory using the weighted-average method. (Do not round intermediate calculations.)

COST OF GOODS TRANSFERRED OUT=

COST IN ENDING INVENTORY=