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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:

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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: $ 990 392 Beginning WIP Inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs 16,770 8.617 Quantity Information is obtained from the manufacturing records and includes the following: Beginning inventory Current period units started Ending inventory 850 units 70% complete as to materials, 54% complete as to conversion) 4,800 units 1700 units (50% complete as to materials, 20% complete as to conversion) 13. Required information 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 Costsin ending inventory

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