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.)] $15,500 45,000 66,000 36,000 (94,000) 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 $16,900. Direct material charged to Job #23 was: Multiple Choice $38,080. $39,680. $42,680. $45,080