Spokane Production Co. obtained the following information from its records for July:

Required:
1. Prepare, in summary form, the journal entries that would have been made during the month to record issuing materials to production, the distribution of labor, and overhead costs; the completion of the jobs; and the sale of the jobs.
2. Prepare schedules computing the following for July:
a. The gross profit or loss for each job completed and sold, and for the business as a whole.
b. For each job, the gross profit or loss per unit. (Round to the nearest cent.)

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Jobs Completed and Sold 411 312 510 2500 5,000 29,00 Direct labor cost.. 70,000 60,000 55,000 50,000 40,000 63,000 5,000 14,000 $152,000 $120,000 $175,250 Factory overhead. 10,000