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The onowing informaton appes to me quesnons displayed beow. The Matsui Lubricants plant uses the weighted average method to account for its work in process
The onowing informaton appes to me quesnons displayed beow. 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 900 557 Beginning WIP Inventory Direct materials Conversion costs Current period costs Direct materials Conversion cost 27,220 16,503 Quantity Information is obtained from the manufacturing records and includes the following: Beginning Inventory Current period units started Ending inventory 100 units (65% complete as to materials, 56complete as to conversion) 5,900 units 1,500 units (45% completes to materials, 15% complete as to conversion) 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 Costsin ending inventory
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