Lights Incorporated calculates cost for an equivalent unit of production using the weighted-average method. Data for July: Work-in-process inventory, July 1 (34,000 units): Direct materials (99% completed) $ 122,850 Conversion (44% completed) 77,300 Balance in work in process inventory, July 1 $ 200,150 Units started during July 94,500 Units completed and transferred 103,600 Work-in-process inventory, July 31: Direct materials (99% completed) 24,900 Conversion (44% completed) Cost incurred during July: Direct materials $ 184,500 Conversion costs 265,000 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.)