Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 107,000 gallons of paint in July and completes 89,000 gallons. The costs of the resources used by Sanchez in July consist of the following Materials Conversion costs (labor and overhead) S 271,660 270,700 Required The production supervisor estimates that the ending work-in-process is 85 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