1 . Megco Inc.uses the Job Cost System to value inventory and cost of goods sold. During the month of Feb. the following jobs were started and costs incurred: JOB MATL. COST LABOR COST OVER-HEAD TOTAL 101 2,000 3,000 10,000 15,000 102 3,000 4,500 12,000 19,500 103 1,100 3,000 6,000 10,100 104 700 1,200 3,000 4,900 105 500 3,500 6,000 10,000 Jobs 101,102 and 104 were completed during the month. Jobs 101 and 104 were sold for a total of $30,000. Required: a. Show in total how the jobs cost moved through the "T" accounts below and provide the ending balance in each account. WIP INVENTORY FINSIHED GOODS INV COST OF GDS SOLD b. What is the Gross Profit for the month