The following pertains to the Cereal Division of McKenzie Corporation. Conversion costs for this division were 80 percent complete as to beginning work in-process inventory and 50 percent complete as to ending work in-process inventory. Information about conversion costs for July is as follows Conv Units 116,000 $ 459360 556,000 2,594,400 416,000 Costs WIP at July 1 (80% complete) Units started and costs incurred during July Units completed and transferred to next department during July The Cereal Division uses FIFO Required (a) What was the conversion cost of work-in-process inventory in the Cereal Division at July 31? (Do not round your intermediate calculations.) onversion cost