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

Data for July:

Work$-$in$-$process inventory, July $1(38,500$ units$)$:

Direct materials $(95\%$ completed$)$ $ $122,650$

Conversion $(55\%$ completed$)77,100$

Balance in work in process inventory, July $1$ $ $199,750$

Units started during July $92,500$

Units completed and transferred $106,500$

Work$-$in$-$process inventory, July $31$:

Direct materials $(95\%$ completed$)24,500$

Conversion $(55\%$ completed$)$

Cost incurred during July:

Direct materials $ $182,500$

Conversion costs $290,500$

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

$$586,860.$

$$96,800.$

$$586,070.$

$$615,320.$

$$576,165.$