U Store It produces customized storage buildings that serve the midwest U.S. market. For February 2001, the company incurred the following costs: The February beginning balance in Work in Process Inventory was $4,200, which consisted of $2,800 for Job #217 and $1,400 for Job #218. The February beginning balance in Direct Material Inventory was $12,300. Actual overhead is applied to jobs on the basis of direct labor cost. Job #217 was completed and transferred to finished goods during February. It was then sold for cash at 140 percent of cost. a. Prepare journal entries to record the above information. b. Determine the February ending balance in Work in Process Inventory and the amount of the balance related to Job #218.