The following data pertain to Tulsa Paperboard Company, a manufacturer of cardboard boxes. Work in process, February 1 16,000 units* Direct material Conversion $45,000 18,300 Costs incurred during February Direct material Conversion 237,500 136,800 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 113,000 94,000 87,000 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