Question: Copros Engineering specializes in creating custom electrical systems for luxury Newell RV busses, tailoring each component to meet specific customer needs. The company employs a

Copros Engineering 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
$360,000, with an anticipated workload of 50,000 labor hours. The
following details pertain to job orders processed in February.
Balance Direct Direct Labor
1/31/2024 Materials Labor Hours
VW875 $37,576 $48,657 $13,244440
GT86774,51617,625 $6,321200
SC28029,08621,680 $8,127270
VT97818,67067,400 $24,230805
LM907016,800 $26,187870
WI148045,890 $40,6351,350
RI613028,900 $6,772225
By the end of February 2024, all jobs but LM907 and WI148 were
completed, and all completed jobs had been delivered to customers
with the exception of SC280 and VT978.
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?

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