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In: AccountingQ5The Assembly Department uses a weighted-average process costaccounting system. The department adds materials at...Q5The Assembly Department uses a weighted-average process costaccounting system. The department adds materials at the beginningof the process and incurs conversion costs uniformly throughout theprocess. During July, $190,000 of materials costs and $135,500 inconversion costs were charged to the department. The beginning workin process inventory was $93,000 on July 1, comprised of $80,000 ofmaterials costs and $13,000 of conversion costs.Other data for the month of July are as follows:Beginning workin process inventory, 7/1 25,000units(40%complete)Units completedand transferred out90,000unitsEnding work inprocess inventory, 7/3130,000units(30%complete)What is the total cost of the July 31 Work In ProcessInventory?