Required information

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Annin Laboratories uses the FIFO method to account for its work-in-process inventories. The accounting records show the following information for February:

Beginning WIP inventory

Direct materials

Conversion costs

Current period costs

Direct materials

Conversion costs

$ 26,053

8, 455

156, 347

79,865

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

Beginning inventory

Current period units started

Ending inventory

6,000 units (40% complete as to materials, 15% complete as to conversion)

45,100

units

22,000

units

(75% complete as to materials, 35% complete as to conversion)

Compute the cost of goods transferred out and the ending inventory for February using the FIFO method.

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar.