ssume Towery Company uses a process costing system based on the weighted average method. Towerys accountant produces the following equivalent unit calculabons of the month of fuly for the first department: Also assurme that the beginning inventory had accumulated 52,850 of materials and $7,930 of conversion costs in the previous month. Finally, assume that during the month of july, the average cost per equivalent unit of materials and conversion costs were 56.64 and 319.40, respectively. Calculate the current costs incurted for direct materials during the month of july. Select one: a. 58,550 b. 510,780 c 534,098 d. 540,698 e. None of the above ssume Towery Company uses a process costing system based on the weighted average method. Towerys accountant produces the following equivalent unit calculabons of the month of fuly for the first department: Also assurme that the beginning inventory had accumulated 52,850 of materials and $7,930 of conversion costs in the previous month. Finally, assume that during the month of july, the average cost per equivalent unit of materials and conversion costs were 56.64 and 319.40, respectively. Calculate the current costs incurted for direct materials during the month of july. Select one: a. 58,550 b. 510,780 c 534,098 d. 540,698 e. None of the above