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	$	951
Conversion costs		452
Current period costs
Direct materials		18,770
Conversion costs		10,873

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

Beginning inventory	450	units	(60% complete as to materials, 54% complete as to conversion)
Current period units started	5,200	units
Ending inventory	1,400	units	(40% complete as to materials, 20% complete as to conversion)

4.

value: 10.00 points

Required information

Required:

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

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

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

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	$	1,000
Conversion costs		437
Current period costs
Direct materials		15,995
Conversion costs		13,992

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

Beginning inventory	400	units	(70% complete as to materials, 55% complete as to conversion)
Current period units started	5,100	units
Ending inventory	1,300	units	(50% complete as to materials, 20% complete as to conversion)

6.

value: 10.00 points

Required information

Required:

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

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

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