0 Required information Exercise 8-35 & 8-36 (Algo) (LO 8-5) The following information applies to the questions displayed below! The Matsui Lubricants plont uses the FIFO method to account for its work in process inventories. The accounting records show the following information for a particular day, 902 407 Meginning WIB inventory Direct toeloe Conversion cost Current period CON Direttorais Conversion on 1.210 12, 703 Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period wit started Indoor 900 units 1608 completo as to materials GOS complete as to conversion) 1.000 unit 1.100 units (401 complete as tosterials 205 complete to conversion) Exercise 8-36 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: FIFO Method (LO 3-5)