Lights Incorporated calculates cost for an equivalent unit of production using the weighted-average method. Data for July: Work-in-process inventory, July 1 (36,500 units): Direct materials (94% completed) Conversion (49% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (94% completed) Conversion (49 % completed) Cost incurred during July: Direct materials Conversion costs $ 122,050 77,550 $ 199,600 87,500 98,600 25,400 $ 170,000 267,500 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.) Multiple Choice $103,561. $621,070. $541,314. $556,210. $582,190.