The following account appears in the ledger prior to recognizing the jobs completed in June:
Work in Process
Balance, June 1 .......... $ 40,000
Direct materials .......... 270,000
Direct labor ........... 320,000
Factory overhead ........ 176,000
Jobs finished during June are summarized as follows:

a. Journalize the entry to record the jobs completed.
b. Determine the cost of the unfinished jobs at June30.

Transcribed Image Text:

Job 320 $160,000 Job 327 100,000 175,000 Job 350 Job 326 318,000