The following data have been compiled for Lily Enterprises Ltd for the month of August. Conversion occurs uniformly throughout the production process. Work in process, 1 August-18,000 units Direct material (100% complete) Conversion (71% complete) Balance in work in process, 1 August Units started during August Units completed during August and transferred out to finished goods inventory Work in process, 31 August: Direct material (100% complete) Conversion (32% complete) $25,000 $5,000 $30,000 169,000 102,000 Costs incurred during August: Direct material $191,000 Conversion costs Direct labour $61,000 Manufacturing overhead $163,000 $224,000 Total production costs incurred during August $415,000 Calculate and enter the amount for cost of goods completed and transferred out during August in the answer space below