Sanchez & Company produces paints. On July 1, it had no work-in-process Inventory. It starts production of 94,000 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) $ 251,684 278,900 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.) Cost of paint transferred to finished goods Work-in-process ending inventory