The Matsui Lubricants plant uses the weighted-average method

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1.

 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 \$ 1,940 materials Conversion 476 costs Current period costs Direct 22,130 materials Conversion 12,946 costs

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

 Beginning inventory 560 units (50% complete as to materials, 63% complete as to conversion) Current 3,700 units period units started Ending 1,100 units (50% inventory complete as to materials, 10% complete as to conversion)

 Required:

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

 2. 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 \$ 1,957 materials Conversion 552 costs Current period costs Direct 22,500 materials Conversion 13,200 costs

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

 Beginning 590 units (58% inventory complete as to materials, 51% complete as to conversion) Current 4,100 units period units started Ending 1,100 units (41% inventory complete as to materials, 19% complete as to conversion)

 Required:

 Compute the cost of goods transferred out and the ending inventory using the weighted-average method.(Do not round your intermediate calculations. Round your final answers to nearest whole dollar value.)

3.

 Pacific Ink had beginning work-in-process inventory of \$371,740 on October 1. Of this amount, \$150,760 was the cost of direct materials and \$220,980 was the cost of conversion. The 21,000 units in the beginning inventory were 40 percent complete with respect to both direct materials and conversion costs.

 During October, 48,000 units were transferred out and 13,000 remained in ending inventory. The units in ending inventory were 70 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to \$1,170,700 for direct materials and \$1,515,320 for conversion.

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

4.

 Pacific Ink had beginning work-in-process inventory of \$809,670 on October 1. Of this amount, \$438,600 was the cost of direct materials and \$371,070 was the cost of conversion. The 24,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs.

 During October, 54,000 units were transferred out and 14,000 remained in ending inventory. The units in ending inventory were 75 percent complete with respect to direct materials and 35 percent complete with respect to conversion costs. Costs incurred during the period amounted to \$1,754,400 for direct materials and \$2,102,730 for conversion.

 Required: Compute the costs of goods transferred out and the ending inventory using the weighted-average method.(Do not round your intermediate calculations. Round your final answers to nearest whole dollar value.)

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