Finished Goods and Cost of Goods Sold Before the completed production for June is recorded,...

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Accounting

Finished Goods and Cost of Goods Sold 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 $24,000 Direct material 67,500 Direct labor 48,000 Manufacturing overhead applied 51,000 Assume that completed production for June includes Jobs 107,108, and 109 with total costs of $42,000, $88,500, and $37,500, 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 $Answer General Journal Description Debit Credit AnswerAccounts receivableCost of goods soldFinished goods inventorySalesWork in process inventory Answer Answer AnswerAccounts receivableCost of goods soldFinished goods inventorySalesWork in process inventory Answer Answer b. Using general journal entries, record the sale of Job 107 for $60,000 on account. General Journal Description Debit Credit AnswerAccounts receivableCost of goods soldFinished goods inventorySalesWork in process inventory Answer Answer AnswerAccounts receivableCost of goods soldFinished goods inventorySalesWork in process inventory Answer Answer To transfer cost to expense. AnswerAccounts receivableCost of goods soldFinished goods inventorySalesWork in process inventory Answer Answer AnswerAccounts receivableCost of goods soldFinished goods inventorySalesWork in process inventory Answer Answer To record sale of job 107. Please answer all parts of the question.

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