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:

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.

b. Using general journal entries, record the sale of Job 107 for $40,000 on account.

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Work-in-Process Inventory Balance June 1. 20,000 Direct materials. 45,000 Direct labor... 32,000 Manufacturing overhead applied 34,000