Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 100,000 gallons of paint in July and completes 79,000 gallons. The costs of the resources used by Sanchez in July consist of the following: Materials $ 180,582 Conversion costs (labor and overhead) 275,600 Required: The production supervisor estimates that the ending work-in-process is 86 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.)