The following costs were incurred in February by Container Corp., which produces customized steel storage bins:

Direct material purchased on account $121,600

Direct material used for jobs:

Job #217 $71,680

Job #218 11,520

Other jobs 85,760 168,960

Direct labor costs for month:

Job #217 $16,640

Job #218 22,400

Other jobs 31,360 70,400

Actual overhead costs for February 352,000

The balance in Work in Process Inventory on February 1 was $26,880, which consisted of $17,920 for Job #217 and $8,960 for Job #218. The February beginning balance in Direct Material Inventory was $71,360. 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.

	Account	Debit	Credit
1	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	To record raw materials purchased on account
2	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	To record the direct materials issued
3	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	To record the labor costs
4	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	To record actual overhead costs
5	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	To record the application of OH
6	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	To record completion of job #217
7	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	To record sales
8	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	AnswerCash or PayablesCash or ReceivablesCost of Goods SoldDirect Material InventoryFinished Goods InventoryManufacturing Overhead ControlRaw Material InventorySalesVarious accountsWIPJob 217WIPJob 218WIPother jobs	Answer	Answer
	To record the cost of sales

b. Determine the February ending balance in WIP Inventory. $Answer