Beginning inventory

Current period units started

$6,000$ units $(40\%$ complete as to materials, $15\%$ complete as to conversion$)$

Ending inventory

$44,200$ units

$13,000$ units $(75\%$ complete as to materials, $35\%$ complete as to conversion$)$

Compute the cost of goods transferred out and the ending inventory for February using the weighted$-$average method.

Note: Do not round intermediate calculations.

Answer is complete but not entirely correct.

$\backslash$table$[[$Costs of goods transferred out,$$171,120,$

Annin Laboratories uses the weighted$-$average method to account for its work$-$in$-$process inventories. The accounting records show the following information for February:

$\backslash$table$[[$Beginning WIP inventory,$],[$Direct materials,$$21,553$