18. Deacon Corporation completed Job 70 on February 15 and Job 71 on March 18 (information found in Exercises 14-17). Job 70 required the following additional costs: $7,500 of materials, $5,000 of direct labor, and $4,000 of factory overhead. Job 71 required the following additional costs: $6,100 of materials, $3,300 of factory overhead, and $4,900 of direct labor. a. Journalize the entries to record the completion of the jobs. Feb. 15 Finished Goods 26,525 Work in Process 26,525 Mar. 18 Finished Goods 24,830 Work in Process 24,830 Job 70 Job 71 Direct materials $7,900 $6,330 Direct labor 9,875 7,825 Factory overhead Total 8,750 10,675 $26.525 $24.830 b. If Work in Process had a beginning balance of $5,000 as of the beginning of January, what is the balance after the completion of the jobs? An additional $2,300 was transferred to Finished Goods Inventory for Job 72. Work in Process 5,000 14,230 24,830 17,700 26,525 19,425 2,300 2,700