Lights Incorporated calculates cost for an equivalent unit of production using the weighted average method. Data for July: Work-in-process inventory, July 1 (39,500 units): Direct materials (88% completed) Conversion (55% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (88% completed) Conversion (55% completed) Cost incurred during July: Direct materials Conversion costs $ 122, 350 77,850 $ 200,200 95,000 108,500 26,000 $ 173,000 270,500 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.)