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