Recording manufacturing costs for a JIT costing system (Activity-Based Costing and Other cost management tools)

P24-27A High Range produces fleece jackets. The company uses JIT costing for its JIT production system. High Range has two inventory accounts: Raw and In-Process Inven- tory and Finished Goods Inventory. On February 1, 2009, the account balances were Raw and In-Process Inventory, $6,000; Finished Goods Inventory, S1,000