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

Work in process, February 1		13,000	units*
Direct material	$	30,500
Conversion		17,700
Costs incurred during February
Direct material	$	213,700
Conversion		105,150

*Complete as to direct material; 30% complete as to conversion.

The equivalent units of activity for February were as follows:

Direct material (weighted-average method)		111,000
Conversion (weighted-average method)		91,000
Completed and transferred out		85,000

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. (Round "Costs per equivalent unit" to 2 decimal places.)