Exercise 6-36 (Algo) Process Costing (LO 6-3) Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 104,000 gallons of paint in July and completes 84,000 gallons. The costs of the resources used by Sanchez in July consist of the following: Materials Conversion costs (labor and overhead) Required: $ 298,820 289,300 The production supervisor estimates that the ending work-in-process is 87 percent complete. Compute the cost of paint transferred to finished goods and the amount in work-in-process ending inventory as of July 31. (Do not round intermediate calculations.) Cost of paint transferred to finished goods Work-in-process ending inventory