Corporation uses a job order accounting system. At the end of current month, February, 2020, Judy, a staff accountant complied the following data from the job cost sheets prepared for the jobs the company have worked or been working.

Job order number	Date started	Date finished	Date sold	Total product costs incurred up to date
100	12/15/2019	12/29/2019	12/30/2019	$1,400
101	12/20/2019	1/3/2020	1/10/2020	$1,700
102	12/30/2019			$3,050
103	1/10/2020	1/16/2020	1/18/2020	$800
104	1/30/2020	2/6/2020	2/8/2020	$1,000
105	2/4/2020	2/15/2020		$2,050

Which of the following correctly shows the balance of Work In Process as of the end of February 2020?

1 $2,050

2 $5,050

3 $0

4 $3,050

Which of the following correctly shows the balance of Finished Goods as of the end of February 2020?

1 $2,050

2 $3,050

3 $5,050

4 $6,950