ABC Inc. calculates cost for an equivalent unit of production using the weighted-average method.

Data for July:
Work-in-process inventory, July 1 (37,000 units):
Direct materials (98% completed)	$	122,500
Conversion (52% completed)		76,950
Balance in work in process inventory, July 1	$	199,450
Units started during July		91,000
Units completed and transferred		103,800
Work-in-process inventory, July 31:
Direct materials (98% completed)		24,200
Conversion (52% completed)
Cost incurred during July:
Direct materials	$	181,000
Conversion costs		289,000

The cost of goods completed and transferred out under the weighted-average method is calculated to be--------------:

• $583,610.

• $572,976.

• $607,200.

• $96,344.

• $584,630.