Using the FIFO method

The Matsui Lubricants plant uses the FIFO method to account for its work-in-process i Beginning WIP inventory Direct materials Conversion costs $ 986 317 Current period costs Direct materials Conversion costs 12,415 8,441 Quantity information is obtained from the manufacturing records and includes the followi Beginning inventory 600 units (60% complete as to materials, 55% complete as to conversion) Current period units started Ending inventory 4.300 units 1,200 units (40% complete as to materials, 25% complete as to conversion) References Type here to search 1s F3 F7