Lights Incorporated calculates cost for an equivalent unit of production using the weighted-average method. Data for July: Work-in-process inventory, July 1 (34,060 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.) Multiple Choice O $568,630. O $576,620. O $102,496. O $558.404. O $622,330