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	$	986
Conversion costs		317
Current period costs
Direct materials		12,390
Conversion costs		6,083

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

Beginning inventory	600	units	(60% complete as to materials, 53% complete as to conversion)
Current period units started	4,300	units
Ending inventory	1,200	units	(40% complete as to materials, 25% complete as to conversion)

Exercise 8-33 (Algo) Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-3)

Required:

a. Compute the equivalent units for the materials and conversion cost calculations.

b. Compute the cost per equivalent unit for direct materials and conversion costs.

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