Adirondack Manufacturing Co. manufactures engines that are made only on customers' orders and to their specifications. During January, the company worked on Jobs 007, 008, 009, and 010. The following figures summarize the cost records for the month:

Jobs 007 and 008 have been completed and delivered to the customer at a total selling price of $426,000, on account. Job 009 is finished but has not yet been delivered. Job 010 is still in process. There was no work in process at the beginning of the month.

Required:
1. Prepare the summary journal entries for the month to record the distribution of materials, labor, and overhead costs.
2. Prepare a summary showing the total cost of each job completed during the month or in process at the end of the month. Also, determine the cost of the inventories of com pleted engines and engines in process at the end of the month.
3. Prepare the journal entries to record the completion of the jobs and the sale of the jobs. 

4. Prepare a statement of cost of goodsmanufactured.

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Job 007 Job 008 Job 009 Job 010 (100 units) (60 units) 25 units) (100 units) Direct materials put into process Jan. 2....$15,000 5,000 16,000 1,000 18 22w...15,000 20,000 S5,000 0,000 $ 6,000 3,500 2,000 Direct labor cost: Week ending Jan. 2. 27,000 632,000 23.. .. 20,000 1,000 1,000 9,000 27,000 3,000 5,000 S 18,000 Factory overhead..$60,000 $32,000 $17,500 25 11,500 $10,500 30. Engines completed 100 60