The following account appears in the ledger after only part of the postings have been completed for January:
Work in Process
Balance, January........... 1 $14,200
Direct materials............. 115,400
Direct labor............. 124,500
Factory overhead............ 65,400
Jobs finished during January are summarized as follows:
Job 710.... $62,500..... Job 727..... $ 35,400
Job 714...... 75,600..... Job 732...... 132,500
a. Determine the cost of jobs completed.
b. Determine the cost of the unfinished jobs at January 31.