2. Jorelle Corp. has a job order cost system. The following debits (credits) appeared in the work in process account for the month of March of the current year March 1 31 31 31 31 Description a. 12,000 Balance Direct materials Direct labor Factory overhead To finished goods b. 4,400 Amount c. 2,600 P 2,000 12,000 8,000 Jorelle applies overhead to production at a predetermined rate of 80% based on direct labor cost. Job No. 30, the only job still in process at the end of March has been charged with direct labor of P1,000. The amount of direct materials charged to Job was 6,400 (24,000) d. 1,500