Sanchez & Company produces paints On July 1, it had no work-in-process inventory. It starts production of 102,000 gallons of paint in July and completes 83,000 gallons. The costs of the resources used by Sanchez in July consist of the following Materials Conversion costs (labor and overhead) $ 219,895 284,800 Required: The production Supervisor estimates that the ending work-in-process is 84 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.) Answer is complete but not entirely correct. Cost of paint transferred to finished goods Work in process ending inventory 5 417.8033 S 86,893