2. Vaughan Company employs a Job Order Costing system and keeps perpetual inventory records. The following transactions occurred in the first month of operations: (February) (a) DM requisitioned during the month: Job 101 $ 40,000 Job 102 $ 15,000 Job 103 $ 23,000 Job 104 $ 8,000 (b) Direct Labor Incurred and charged to jobs during the month: Job 101 $ 15,000 Job 102 $ 8,000 Job 103 $ 17,000 Job 104 $ 3,000 (c) FOH is applied to jobs using a predetermined overhead rate of 40% of direct labor costs. (d) Jobs 101 and 102 were completed during February. (e) Job 102 was sold. Required: (SHOW ALL WORK and CALCULATIONS) (1) What is the amount of WIP on February 28? (2) What is the amount of Finished goods on February 28?