Entry for jobs completed; cost of unfinished jobs OBJ. 2 The following account appears in the ledger prior to recognizing the jobs completed in August:

Work in Process Balance, August 1 $ 60,000 Direct materials 325,000 Direct labor 462,000 Factory overhead 210,000 Jobs finished during August are summarized as follows:

Job 210 $197,800 Job 224 $ 160,000 Job 216 240,000 Job 230 364,000

a. Journalize the entry to record the jobs completed.

b. Determine the cost of the unfinished jobs at August 31.