The Matsui Lubricants plant uses the weighted-average method to account for its work-in-proce Beginning WIP inventory $ 992 407 Direct materials Conversion costs Current period costs. Direct materials Conversion costs 18,540 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 Ending inventory 4,900 units 1,100 units (40% complete as to materials, 25% complete as to conversion) References Section Break Exercise 8-31&8-32 (LO 8-2, 3) 0.22 points Type here to search Section Break Exercise 8-31 &8.32 L0 8-2,3) value: 0.22 points Exercise 8-32 Assign Costs to Goods Transferred Out and Ending Inventory: Weigl Compute the cost of goods transferred out and the ending inventory using the weighted-average method. (D Costs of goods transferred out Costs in ending inventory References Exercise 8-32 Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3) Worksheet Check my work Type here to search