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Hello question is attached, thanks. Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 150,000 gallons of

Hello question is attached, thanks.

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Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 150,000 gallons of paint in July and completes 120,000 gallons. The costs of the resources used by Sanchez in July consist of the following: Materials $ 137, 000 Conversion costs ( labor and overhead) 175, 000 Required: The production supervisor estimates that the ending work-in-process is 16 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

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