Answer the following questions using the information below:

Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection takes place as units are placed into production. After inspection, some units are spoiled due to nondetectible material defects. Spoiled units generally constitute 4% of the good units. Data provided for February 2012 are as follows:

WIP, beginning inventory 2/1/2012 50,000 units

Direct materials (100% complete)

Conversion costs (50% complete)

Started during February 164,000 units

Completed and transferred out 162,000 units

WIP, ending inventory 2/29/2012 30,000 units

Direct materials (100% complete)

Conversion costs (25% complete)

Costs:

WIP, beginning inventory:

Direct materials $ 300,000

Conversion costs 88,000

Direct materials added 419,832

Conversion costs added 219,786

Journal entries correctly represents the transfer of completed goods begun during February using the FIFO method of process costing?

Thanks