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

Data for July:
Work-in-process inventory, July 1 (38,000 units):
Direct materials (96% completed)	$ 122,600
Conversion (54% completed)	77,050
Balance in work in process inventory, July 1	$ 199,650
Units started during July	92,000
Units completed and transferred	105,600
Work-in-process inventory, July 31:
Direct materials (96% completed)	24,400
Conversion (54% completed)
Cost incurred during July:
Direct materials	$ 182,000
Conversion costs	290,000

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