Matrix Inc. calculates cost for an equivalent unit of production using the weighted-average method Data for July: Work-in-process inventory, July 1 (37,000 units): Direct materials (93% completed) conversion (50% completed) Balance in work in process inventory, July 1 $122,100 77,600 $199,700 88,000 99,500 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (93% completed) conversion (50% completed) 25,500 Cost incurred during July: Direct materials Conversion costs $170,500 268,000 The cost of goods completed and transferred out under the weighted-average method is calculated to be: decimal places and final answer to the nearest whole dollar amount.)