Pacific Ink had beginning work-in-process inventory of $959,660 on October 1. Of this amount, $402,560 was the cost of direct materials and $557,100 was the cost of conversion. The 58,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs. During October, 122,000 units were transferred out and 40,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3,005,200 for direct materials and $3,786,840 for conversion. Exercise 8-38 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3) Compute the costs of goods transferred out and the ending inventory using the weighted-average method

Pat and kris are roommates. they spend most of their time studying (of course), but they leave some time for their favorite activities: making pizza and brewing root beer. pat takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza. kris takes 6 hours to brew a gallon of root beer and 4 hours to make a pizza. pat's opportunity cost of making a pizza is of root beer, and kris's opportunity cost of making a pizza is of root beer. has an absolute advantage in making pizza, and has a comparative advantage in making pizza. if pat and kris trade foods with each other, will trade away pizza in exchange for root beer. the price of pizza can be expressed in terms of gallons of root beer. the highest price at which pizza can be traded that would make both roommates better off is of root beer, and the lowest price that makes both roommates better off is of root beer per pizza.