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$ Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 95,000 gallons of paint in July and
$ Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 95,000 gallons of paint in July and completes 77,000 gallons. The costs of the resources used by Sanchez in July consist of the following: ts eBook Materials Conversion costs (labor and overhead) $ 184, 316 270,600 Print References Required: The production supervisor estimates that the ending work-in-process is 88 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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