Exercise 8-38 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3) The following cost information is available for July for the Crest Plant at Calvert Company: Materials are added at the beginning of the process. The following quantities have been recorded: - Beginning inventory, 47,200 partially complete gallons, 25 percent complete with respect to conversion costs. - Units started in July, 94,400 gallons. - Units transferred out in July, 106,200 gallons. - Ending inventory, 35,400 gallons, 40 percent complete with respect to conversion costs. Materials are added at the beginning of the process. The following quantities have been recorded: - Beginning inventory, 47,200 partially complete gallons, 25 percent complete with respect to conversion costs. - Units started in July, 94,400 gallons. - Units transferred out in July, 106,200 gallons. - Ending inventory, 35,400 gallons, 40 percent complete with respect to conversion costs. Required: Compute the cost of goods transferred out and the ending inventory for July using the weighted-average method. Note: Do not round your intermediate calculations