Tulsa Paperboard Company, a manufacturer of cardboard boxes. 10,000 inits The following data pertain to Work in process, February 1 $ 5,500 Direct material. Conversion . Costs incurred during February 7,000 $110,000 Direct material. Conversion. "complete as to direct material: 40% complete as to conversion. 171,600 The equivalent units of activity for February were as follows: Direct material (weighted-average method). Conversion (weighted-average method).. 110,000 92,000 90,000 Completed and transferred out .. Compute the following amounts using weighted-average process costing Required: 1. Cost of goods completed and transferred out during February 2. Cost of the February 28 work-in-process inventory The November production of MVP's Minnesota Division consisted of ba basketballs) and batch S33 (4,000 scholastic basketballs). Each batch was November, and there was no beginning or ending work in process. Costs incu batch P25 (2.000 profession tch P25 (2,000 professional started and finished inished during incurred were as follows