Bassoon Custom Cabinets manufactures custom built cabinets that are installed in expensive custom built homes. During the month of February 20X6, the company had the attached information available concerning its operations.

(b) What is the balance in the companys work in process inventory account at the beginning of February? (c) What is the balance in the companys work in process inventory account at the end of February? (d) What amount for cost of goods sold would be reported on the companys income statement for February? (e) What is the balance in the companys finished goods inventory account at the end of February? (f) How much manufacturing overhead was applied to production during the month of February?

The company estimated at the beginning of the year (January 1) that its manufacturing overhead will be $40,000, and direct labor cost is estimated to be $60,000 (6,000 hours) for 20X6. Manufacturing overhead is applied to jobs based upon direct labor costs. This rate will be used for the entire year.

	The companys beginning work in process inventory (on February 1, not including manufacturing overhead, was as follows:
	BASSOON CUSTOM CABINETS DATA TO CALCULATE BEGINNING WIP AS OF FEBRUARY 1, 20X6
	Job 605	Direct materials	$ 1,000
		Direct labor	2,000
	Job 606	Direct materials	750
		Direct labor	1,200	All other inventories had zero balances on February 1.

	BASSOON CUSTOM CABINETS DATA FOR MANUFACTURING COSTS INCURRED FOR MONTH OF FEBRUARY
	Direct Materials	Job 605	$ 500
		Job 606	1,100
		Job 607	2,300
	Direct Labor	Job 605	800
		Job 606	1,300
		Job 607	3,200

Job 605 was completed and sold in February. Job 606 was completed in February but was not sold. Job 607 was not completed by the end of February.