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

Data for July:
Work-in-process inventory, July 1 (39,000 units):
Direct materials (94% completed)	$	122,700
Conversion (56% completed)		77,150
Balance in work in process inventory, July 1	$	199,850
Units started during July		93,000
Units completed and transferred		107,400
Work-in-process inventory, July 31:
Direct materials (94% completed)		24,600
Conversion (56% completed)
Cost incurred during July:
Direct materials	$	183,000
Conversion costs		291,000

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.)

Multiple Choice

• a. $96,936.

• b. $618,030.

• c. $577,812.

• d. $586,550.

• e. $587,950.