Billy Baroo Company uses a job order cost system The following information was found in the Work-in-Process account for the month of July. Date Description Amount (Dr or (Cr)) July 1 Balance $12,500 July 31 Direct labor $38,500 July 31 Direct materials $54,900 July 31 Factory overhead $22,200 July 31 Transfer to finished goods ($84,000) Billy Baroo applies overhead to production at a predetermined rate of 85% based on the direct labor cost Job #23, the only job still in process at the end of July, has been charged with direct labor of $12,500 Direct material charged to Job #23 was: $31,600 $44,100 $16,894 $20,975 $33,475