8-33. Compute Costs per Equivalent Unit: Weighted-Average Method (@LO 8-3) 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 materials $ 976 Conversion costs 272 Current period costs Direct materials 11,440 Conversion costs 6,644 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 4,000 units Ending inventory 1,200 units (40% complete as to materials, 20% complete as to conversion) Required Compute the cost per equivalent unit for direct materials and conversion costs. 8-34. Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3) Refer to the data in Exercise 8-33. Compute the cost of goods transferred out and the ending inventory using the weighted-average method