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. $ 980 557 Beginning WIP inventory Direct materials Conversion costs Current period costs Direct matertals Conversion costs 27,220 16,803 Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending inventory 800 units (658 complete as to materials, 56% complete as to conversion) 5,900 units 1,500 units (458 complete as to materials, 156 complete as to conversion) Exercise 8-34 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3) 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 Costs in ending inventory