Jocarro Company has a job costing system. The following items appeared in the Work-in-Process account during February of the current year February 1 balance Materials placed into production Direct labor (4,000 hours) Plantwide overhead applied Cost of goods manufactured February 28 balance $ 20,000 120,000 96,000 400,000 16,000 Jocarro applies overhead to production based on direct labor hours. Job XX, the only job in process on Feb. 28, has been charged $10,600 |materials cost and has 100 labor hours of direct labor time assigned to it Show calucations to 1.Determine the amounts of materials, direct labor, and plantwide overhead included in the February 28 Work in Process 2. Determine the amount of materials placed into production during February