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Kelta Company employs a process costing system. Direct materials are added at the beginning of the process. Here is information about July's activities: On July

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Kelta Company employs a process costing system. Direct materials are added at the beginning of the process. Here is information about July's activities: On July 1: Beginning inventories = 750 units, 60% complete Direct materials cost = $5.925 Conversion costs = $4,095 During July: 15,000 units started Direct materiais added = $150,000 Conversion costs added = $83.520 On July 31: Ending inventories = 1.500 units, 40% complete Instructions: Using the weighted average method, the cost of the goods completed and transferred out was: (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $1.500, write it as 1500)

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