Flexcoil Heating and Cooling produces a variety of products used in commercial and residential heating and cooling applications. Your company adheres to ajust in time inventory policy so you have minimal amounts of material, work in process, and finished goods inventory. At the end of January, Flexcoil Heating and Cooling Jobs 331 and 332 were in process. Job 329 was finished and waiting shipment. The job cost sheets for these jobs were as follows: Direct Material Material Job # End of January Direct Labor at Overhead Total Status but not $ 10,500 $ 34,500 $ 96,200 shipped 8,000 11,000 42,000 In process 29,800 42,400 137,500 In process $ 329 331 1 332 51,200 23,000 65,300 Raw Materials Inventory at the end of January 26,700 In February your company began work on Jobs 333, 334 and 335. The status of the jobs at the end of February is as follows: Job# 329 331 332 333 Direct Material $ 51,200 36,800 77.100 31,100 82,100 22,700 End of February Direct Labor Overhead Total Status $ 10,500 $ 34,500 $ 96,200 Shipped 21,400 24,400 82,600 Shipped 32,100 59,700 168,900 Shipped 26,600 32,200 89,900 Shipped 39,800 69,600 191,500 Shipped 19,000 15,300 57,000 In Process Amounts used in February Direct Direct Job # Material Labor Overhead 329 1331 1332 333 334 335 TOTALS 334 335 Additional information for February is as follows: Materials purchased 203,300 Actual overhead costs 150,100 Complete the follovi a) What is the balance in Raw Materials Inventory at the end of February? Beginning Balance Materials purchased Materials used Ending Balance b) What is the balance in Work in Process Inventory at the end of February? Job # Amount TOTAL c) What is the balance in Finished Goods Inventory at the end of February? Job ! Amoun! TOTAL d) What is the cost of goods manufactured for the month of February? Beginning Work In Proces Direct Material Direct Labor Manufacturing Overhea Costs to Account for Less Work In Process, End Cost of Goods Manufactu e) What is the cost of goods sold for the month of February? (Remember to adjust for the over or underapplied overhead) Beginning FG Inventory + Cost of Goods Manufactured +/- Under (over) applied Overhead = Cost of Goods Sold