Matrix Inc. calculates cost for an equivalent unit of production using the weighted-average method Data for July: Work-in-process inventory, July 1 (37,500 units): Direct materials (97% completed) conversion (53% completed) Balance in work in process inventory, July 1$199,550 $122,550 77,000 Units started during July Units completed and transferred Work-in-process inventory, July 31: 91,500 104,700 Direct materials (97% completed) conversion (53% completed) 24,300 Cost incurred during July: Direct materials Conversion costs $181,500 289,500 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.)