The following events took place for Focault Inc. during July 20Y2, the first month of operations as a producer of road bikes:

Purchased $403,440 of materialsUsed $340,060 of direct materials in productionIncurred $294,500 of direct labor wagesApplied factory overhead at a rate of 79% of direct labor costTransferred $819,120 of work in process to finished goodsSold goods with a cost of $781,630Sold goods for $1,402,470Incurred $315,200 of selling expensesIncurred $127,070 of administrative expenses

looking for the WORK IN PROCESS INVENTORY JULY 31

AND FINISHED GOODS INVENTORY JULY 31