Multiple Choice

• $568,630.

• $576,620.

• $622,330.

• $102,496.

• $558,404.

Lights Incorporated calculates cost for an equivalent unit of production using the weighted-average method. Data for July: Work-in-process inventory, July 1 (34,000 units): Direct materials (99% completed) Conversion (44% 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 (99% completed) Conversion (44% completed) Cost incurred during July: Direct materials Conversion costs $ 122,850 77,300 $ 200, 150 94,500 103,600 24,900 $ 184,500 265,000 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.)