The following cost information is available for July for the Crest Plant at Calvert Company:

Materials are added at the beginning of the process. The following quantities have been recorded:

Beginning inventory, $46,000$ partially complete gallons, $25$ percent complete with respect to conversion costs.

Units started in July, $92,000$ gallons.

Units transferred out in July, $103,500$ gallons.

Ending inventory, $34,500$ gallons, $40$ percent complete with respect to conversion costs.

Required:

Compute the cost of goods transferred out and the ending inventory for July using the weighted$-$average method.

Note: Do not round your intermediate calculations.

Cost of goods transferred out total

Ending inventory total