Question: Before the completed production for June is recorded, the work in process inventory account for James Company appears as follows: Assume that completed production for

Before the completed production for June is recorded, the work in process inventory account for James Company appears as follows:

Balance June 1. Direct material Direct labor... Work in Process Inventory Manufacturing

Assume that completed production for June includes Jobs 107, 108, and 109 with total costs of $28,000, $59,000, and $25,000, respectively.

a. Determine the cost of unfinished jobs at June 30 and prepare a journal entry to record completed production.

b. Using general journal entries, record the sale of Job 107 for $40,000 on account.

Balance June 1. Direct material Direct labor... Work in Process Inventory Manufacturing overhead applied. 16,000 45,000 32.000 34,000

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