ABC Pizza, a manufacturer of frozen pizzas, has the following data:

Work in Process, October 1 10,000 units*

Direct material $5,500

Conversion 17,000

Costs incurred during October

Direct material $110,000

Conversion 171,600

*Complete as to direct material; 40% complete as to conversion

The equivalent units of activity for October are:

Direct material (weighted-average method) 110,000

Conversion (weighted-average method) 92,000

Completed and transferred out 90,000

Required:

Compute the following amounts using weighted-average process costing.

1. Cost of goods completed and transferred out during October.

2. Cost of the October 31 work-in-process inventory.