Lights Incorporated calculates cost for an equivalent unit of production using the weighted-average method. Data for July: Fork-in-process inventory, July 1 (39, 000 units): Direct materials (94% completed) Conversion (56% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: $122, 700 77, 150 $ 199, 850 93,000 107, 400 Direct materials (94% completed) 24,600 Conversion (56% completed) Cost incurred during July: Direct materials Conversion costs $ 183,000 291,000 The cost of goods completed and transferred out under the weighted-average method is calculated to be: (Round your intermediate cald Multiple Choice $586,550 O $587,950 O O $96,936. $577,812 $618,030