Inspections for All (IFA) is a company that provides thorough home inspections for individuals looking into purchasing a home. IFA has two portions of the inspection processoutside inspection and inside inspection. The following data show the production and cost results for outside inspections for the month of July: Production Data: Outside inspections in process, July 1 (70% complete) 30 Outside inspections started in production 525 Outside inspections in process, July 31 (80% complete) 20 Cost Data: Costs in outside inspections in process, July 1 $5,580 Costs for July $97,520 Costs of direct materials (paper, ink, etc.) are immaterial for IFA. Hence, all production costs are conversion costs (labor and overhead). Using the weighted-average (W/A) method for process costing, compute for July the cost of outside inspections completed and transferred out to inside inspections, and compute the value of work-in-process inspections at the end of the month.