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 15,000 units $ 46,000 18,700 $259,100 120,500 *Complete as to direct material: 20% 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 113,000 96,000 91, een 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. Complete this question by entering your answers in the tabs below. Type here to search