Matrix Inc. calculates cost for an equivalent unit of production using the weighted-average method.

Data for July:
Work-in-process inventory, July 1 (34,500 units):
Direct materials (98% completed)	$	122,900
Conversion (45% completed)		77,350
Balance in work in process inventory, July 1	$	200,250
Units started during July		95,000
Units completed and transferred		104,500
Work-in-process inventory, July 31:
Direct materials (98% completed)		25,000
Conversion (45% completed)
Cost incurred during July:
Direct materials	$	185,000
Conversion costs		265,500

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.)

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Multiple Choice

• $577,730.
• $625,030.
• $559,075.
• $102,725.
• $569,160.

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