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bave it Submit Required information [The following information applies to the questions displayed below) 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 975 162 Dag Laning WTO inventory Direct materials Conversion costa Current period cost Direet materiale Conversion cost 14.500 7.523 Quantity information is obtained from the manufacturing records and includes the following Beginning Inventory Current period units started Ending inventory 750 unite [601 complete all to materials, 528 completato con 4.600 wita 1,500 unita (409 complete sto materiale 201 complete se to conversion Compute the cost of goods transferred out and the ending Inventory using the weighted average method. (Do not round
5. 5 Beginning WIP Inventory Direct materials Conversion o Current period cost Direct materials Conversion coats 995 362 14,600 3.523 Quantity Information is obtained from the manufacturing records and includes the following Beginning inventory Current period unit started Ending Lnventory 250 unit completa asta materiale, 529 complete as to conversion) 4.600 Lt 1.500 Lt 40 complete a to materiale, 200 complete se to conversion) Compute the cost of goods transferred out and the ending inventory using the weighted average method. (Do not round Intermediate calculations.) 5 Cost of goods transferred out Costsin ending inventory 3.850 1,500 5