Required information

$[$The following information applies to the questions displayed below.$]$

Annin Laboratories uses the weighted$-$average method to account for its work$-$in$-$process inventories. The accounting

records show the following information for February:

Beginning WIP inventory

Direct materials $$26,553$

Conversion costs $,8,605$

Current period costs

Direct materials $159,792$

Conversion costs $,82,020$

Quantity information is obtained from the manufacturing records and includes the following:

Compute the cost of goods transferred out and the ending inventory for February using the weighted$-$average method.

Note: Do not round intermediate calculations.