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

Before the completed production for June is recorded, the work in

Before the completed production for June is recorded, the work in process inventory account for James Company appears as follows: Work in Process Inventory Balance June 1 $20,000 Direct material 45,000 Direct labor 32,000 Manufacturing overhead applied 34,000 Assume that completed production for June includes Jobs 107, 108, and 109 with total costs of $28,000, $55,000, and $25,000, respectively. a. Determine the cost of unfinished jobs at June 30 and prepare a journal entry to record completed production. Work in process balance as of June 30: $ General Journal Description Debit Credit b. Using general journal entries, record the sale of Job 107 for $40,000 on account. General Journal Description Debit Credit To transfer cost to expense. To record sale of job 107. Check ps://mybusinesscourse.com

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