Annin Laboratories uses the weighted$-$average method to account for its work$-$in$-$process inventories. The accounting records show the following information for February:

Beginning WIP inventory

Direct materials $ $21,053$

Conversion costs $6,955$

Current period costs

Direct materials $120,247$

Conversion costs $52,265$

Quantity information is obtained from the manufacturing records and includes the following:

Beginning inventory $6,000$ units $(40\%$ complete as to materials, $15\%$ complete as to conversion$)$

Current period units started $44,100$ units

Ending inventory $12,000$ units $(75\%$ complete as to materials, $35\%$ complete as to conversion$)"$ solve the compute the cost of goods transferred out, Equivalent units for materials $47,100$

Equivalent units for conversion costs $42,300.$ Cost Per Equivalent Unit

Direct Materials $$3\mathrm{.}00$

Conversion costs $$1\mathrm{.}40.$ Costs of goods transferred out $$167,640$

Costs in ending inventory $$32,880.$ Cost Per Equivalent Unit

Direct materials $$3\mathrm{.}71$

Conversion costs $$2\mathrm{.}32.$ Equivalent units for materials $43,050$

Equivalent units for conversion costs $35,350.$ Cost of ending inventory $$82,724.$ Compute the cost of goods transferred out Required information

$[$The following information applies to the questions displayed below.$]$

Annin Laboratories uses the FIFO method to account for its work$-$in$-$process inventories. The accounting records show the

following information for February:

Beginning WIP inventory

Direct materials $ $26,553$

Conversion costs $8,605$

Current period costs

Direct materials $159,792$

Conversion costs $82,020$

Quantity information is obtained from the manufacturing records and includes the following:

Compute the cost of goods transferred out and the ending inventory for February using the FIFO method.

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar.