Journal entries; cost accumulation The following costs were incurred in February by Container Corp., which produces customized steel storage bins: Direct material purchased on account $212,800 Direct material used for jobs: Job #217 Job #218 $125,440 20,160 Other jobs 150,080 295,680 Direct labor costs for month job #217 $29,120 Job #218 39,200 Other jobs $4,880 123,200 Actual overhead costs for February 616,000 The balance in Work in Process Inventory on February 1 was $47,040, which consisted of $31,360 for job #217 and $15,680 for Job #218. The February beginning balance in Direct Material Inventory was $124,880. Actual overhead is applied to jobs at a rate of $4.95 per dollar of direct labor cost. Job # 217 was completed and transferred to Finished Goods Inventory during February. Job #217 was delivered to the customer at the agreed-upon price of cost plus 35 percent. b. Determine the February ending balance in WIP Inventory. $ 0 c. How much of the balance determined in part (b) relates to Job # 218? $ 0