Lights Incorporated calculates cost for an equivalent unit of production using the weighted-average method.

Data for July:
Work-in-process inventory, July 1 (37,500 units):
Direct materials (92% completed)	$122,150
Conversion (51% completed)	77,650
Balance in work in process inventory, July 1	$199,800
Units started during July	88,500
Units completed and transferred	100,400
Work-in-process inventory, July 31:
Direct materials (92% completed)	25,600
Conversion (51% completed)
Cost incurred during July:
Direct materials	$171,000
Conversion costs	268,500

The cost of goods completed and transferred out under the weighted-average method is calculated to be: (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.)

		A) $103,931
		B) $626,450
		C) $544,168
		D) $557,240
		E) $584,420