PR $7-13($Static$)($LO $7\mathrm{.}2,7\mathrm{.}3)$ BigSmoker Incorporated produces... BigSmoker Incorporated produces hardwood pellets for barbecue aficionados. BigSmoker uses the weighted$-$average method of process costing. All direct materials are assumed to be added at the beginning of the period, while conversion costs are added uniformly throughout production. BigSmoker had $20,000$ units in beginning work$-$in$-$process inventory on February $1.$ During February, production was started on an additional $320,000$ units. Ending work$-$in$-$process $($EWIP$)$ at the end of February was $40,000$ units. Management estimates that beginning work$-$in$-$process inventory was $100$ percent complete for direct materials and $25$ percent complete for conversion costs. Ending work$-$in$-$process inventory was estimated to be $100$ percent complete for direct materials and $\backslash (75\backslash \%\backslash )$ complete for conversion costs. Costs incurred during January for February's beginning work$-$in$-$process $($BWIP$)$ units totaled $\backslash (\backslash$$ $120,000\backslash )$ for direct materials and $\backslash (\backslash$$ $50,000\backslash )$ for conversion costs. During February, production costs included $\backslash (\backslash$$ $2,200,000\backslash )$ in direct materials and $\backslash (\backslash$$ $1,500,000\backslash )$ for conversion costs. Required: