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 76,000 gallons. The costs of the resources used by Sanchez in July consist of the following: Materials Conversion costs (Labor and overhead) $ 151, 138 274, see Required: The production supervisor estimates that the ending work-in-process is 87 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 S S 34.000 7.000