The following data pertain to Tulsa Paperboard Company, a manufacturer of cardboard boxes Work in process, February 1 Direct material Conversion Costs incurred during February Direct material Conversion 8,000 units $ 10,100 15,500 $ 103,200 84,500 *Complete as to direct material: 25% complete as to conversion The equivalent units of activity for February were as follows: Direct material (weighted average method) Conversion (weighted average method) Completed and transferred out 103,000 80,000 70,000 Required: Compute the following amounts using weighted average process costing. 1. Cost of goods completed and transferred out during February 2. Cost of the February 28 work-in-process inventory