Bonusist Systems specializes in creating custom electrical systems for

luxury Newell RV busses, tailoring each component to meet specific

customer needs. The company employs a job$-$order costing method,

allocating overhead costs based on labor hours at a pre$-$established

rate. For the year, the planned manufacturing overhead is set at

$$393,600,$ ?with an anticipated workload of $48,000$ ?labor hours. The

following details pertain to job orders processed in February.

By the end of February $2024,$ ?all jobs but LM$907$ ?and NC$801$ ?were

completed, and all completed jobs had been delivered to customers

with the exception of IL$899$ ?and LA$191.$

$1.$ ?What is the WIP Ending Balance for February?

$2.$ ?What is the amount of COGM for February?

$3.$ ?What is the amount of COGS for February?

Balance Direct Direct Labor 1/31/2024 Materials Labor Hours AR852 $18,176 $6,865 $4,800.00 160 D0607 16,974 1,762 $5,700.00 190 IL899 10,390 2,168 $6,600.00 220 LA191 1,860 16,740 $8,700.00 290 LM907 0 6,810 $6,600.00 220 MN281 0 11,500 $22,200.00 740 NC801 0 10,900 $17,100.00 570