Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 105.000 gallons of paint in July and completes 86,000 gallons. The costs of the resources used by Sanchez in July consist of the following Materials Conversion costs (labor and overhead) $ 313,360 273,600 Required: The production supervisor estimates that the ending work in process is 80 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