Question: Tried it twice. Still getting it wrong. Please show work. The Matsul Lubricants plant uses the weighted-average method to account for its work-in- process inventories.
The Matsul 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 Quantity information is obtained from the manufacturing records and includes the folowing References Exercise 8-31 Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-3) Required )Compule the equivalent units for the materials and conversion cot calculations (2) Compule the cost per equivalent unilt for dinect matialand convesioncosts (Round your answers to 2 decimal places References Exercise 8-32 Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3 Compute the cost of goods transfemed out and the ending inveory uing the weighted-average The Matsul 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 Quantity information is obtained from the manufacturing records and includes the folowing References Exercise 8-31 Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-3) Required )Compule the equivalent units for the materials and conversion cot calculations (2) Compule the cost per equivalent unilt for dinect matialand convesioncosts (Round your answers to 2 decimal places References Exercise 8-32 Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3 Compute the cost of goods transfemed out and the ending inveory uing the weighted-average
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