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

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Accounting

The following cost information is available for July for the Crest Plant at Calvert Company:
Beginning work-in-process inventory
Materials cost $ 63,280
Conversion cost 40,002
Total $ 103,282
Current costs
Materials cost $ 140,120
Conversion cost 421,038
Total $ 561,158
Materials are added at the beginning of the process. The following quantities have been recorded:
Beginning inventory, 45,200 partially complete gallons, 25 percent complete with respect to conversion costs.
Units started in July, 90,400 gallons.
Units transferred out in July, 101,700 gallons.
Ending inventory, 33,900 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.

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