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

Work in process, February 1		13,000		units*
Direct material	$	10,600
Conversion		16,500
Costs incurred during February
Direct material	$	160,600
Conversion		132,250

*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)		107,000
Conversion (weighted-average method)		85,000
Completed and transferred out		78,500

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.

Compute the cost of goods completed and transferred out during February. (Round "Costs per equivalent unit" to 2 decimal places.)

Compute the cost of the February 28 work-in-process inventory. (Round "Costs per equivalent unit" to 2 decimal places.)

Direct material
Conversion
Total