The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. T 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

Question
The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. T
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
Expand
Transcribed Image Text

The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. T 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

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