Ruggio, Inc. has one job in process $($Job $100)$ as of June $30$th; at that time its job cost sheet reports direct materials of

$$22,000,$ direct labor of $$12,000,$ and applied overhead of $$16,500($ $$50,500$ in work in process inventory at June $30$th$).$

Ruggio applies overhead at $75\%$ of direct material cost. During July, Job $100$ is completed and sold on credit for

$$100,000,$ Job $101$ is started and completed, and Job $102$ is started and still in work in process at the end of July. Ruggio

incurs the following costs during July:

B$.$ Compute the July $31$st balances of the Work in Process Inventory and the Finished Goods Inventory accounts.

Assume Finished Goods Inventory has a $$0$ balance at June $30$th$.$ Show all work.