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	$	1,945
Conversion costs		549
Current period costs
Direct materials		22,600
Conversion costs		13,200

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

Beginning inventory	590	units (59% complete as to materials, 55% complete as to conversion)
Current period units started	4,100	units
Ending inventory	1,300	units (40% complete as to materials, 22% complete as to conversion)

Required:

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

#2

The Matsui Lubricants plant uses the FIFO 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	$	1,900
Conversion costs		600
Current period costs
Direct materials		34,247
Conversion costs		15,674

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

Beginning inventory	570	units	(60% complete as to materials, 50% 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)

Required:

Compute the cost of goods transferred out and the ending inventory using the FIFO method.