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

Total equivalent units for materials under the weighted-average method are calculated to be: