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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

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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, 42,000 partially complete gallons, 25 percent complete with respect to conversion costs. - Units started in July, 84,000 gallons. - Units transferred out in July, 94,500 gallons. - Ending inventory, 31,500 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

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