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

Data for July:
Work-in-process inventory, July 1 (34,500 units):
Direct materials (98% completed)	$ 122,900
Conversion (45% completed)	77,350
Balance in work in process inventory, July 1	$ 200,250
Units started during July	95,000
Units completed and transferred	104,500
Work-in-process inventory, July 31:
Direct materials (98% completed)	25,000
Conversion (45% completed)
Cost incurred during July:
Direct materials	$ 185,000
Conversion costs	265,500

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

• $625,030.

• $102,725.

• $577,730.

• $559,075.

• $569,160.