The following data pertain to Tulsa Paperboard Company, a manufacturer of cardboard boxes. Work in process, February 1 10,000Units Direct Material $ 5,500 Conversion 17,000 Costs incurred during February Direct Material $ 110,000 Conversion 171,600 The equivalent units of activity for February were as follows: Direct material (Weighted - average method) 110,000 Conversion (Weighted - average method) 92,000 Completed and transferred out 90,000 Required: Compute the following amount 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