Requlred Information

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

Annin Laboratorles uses the weighted$-$average method to account for its work$-$In$-$process inventorles. The accounting records show the following information for February:

Beginning WIP inventory

Direct materials

conversion costs

$$24,5538,065$

current period costs

Direct materials

$145,832$

conversion costs

$72,740$

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$)$

$44,800$ units

$19,000$ 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 weighted$-$average method.

Note: Do not round Intermedlate calculations.

$\backslash$table$[[$Costs of goods transferred out,$],[$Costs in ending inventory,$]]$