Cost of goods completed and transferred out during March.

The following data pertain to Tuscaloosa Paperboard Company, a manufacturer of cardboard boxes.

Work in process, March 1		8,000	units*
Direct material	$	20,500
Conversion		16,700
Costs incurred during March
Direct material	$	161,400
Conversion		142,400

^{*Complete as to direct material; 20% complete as to conversion.}

The equivalent units of activity for March were as follows:

Direct material (weighted-average method)	107,000
Conversion (weighted-average method)	86,000
Completed and transferred out	80,500

Required:

Compute the following amounts using weighted-average process costing.

1.	Cost of goods completed and transferred out during March. (Round "Costs per equivalent unit" to 2 decimal places.)

2.	Cost of the March 31 work-in-process inventory. (Round "Costs per equivalent unit" to 2 decimal places.)