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 July 1 July 31 July 31 July 31 July 31 Description Balance Direct labor Direct materials Factory overhead Transfer to finished goods Amount [DR. or (CR.)] $12,000 38,000 52,000 30,400 (80,000) Billy Baroo applies overhead to production at a predetermined rate of 80% 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 $12,000. Direct material charged to Job #23 was: $30,800. $52,400. $40,400. $22,560