5-6 JOB Costs, ENDING WORK IN PROCESS L04 During March, Molson Company worked on three jobs. Data relating to these three jobs follow: Job 62 Job 63 Job 64 Units in cach order 110 200 165 Units sold 200 Materials requisitioned $560 $740 $1,600 Direct labor hours 260 300 500 Direct labor cost $3,120 $3,600 $6,000 Overhead is assigned on the basis of direct labor hours at a rate of S7 per direct labor hour. During March, Jobs 62 and 63 were completed and transferred to finished goods inventory. Job 63 was sold by the end of the month. Job 64 was the only unfinished job at the end of the month. Required: 1. Calculate the per-unit cost of Jobs 62 and 63. 2. Compute the ending balance in the work-in-process inventory account. 3. Prepare the journal entries reflecting the completion of Jobs 62 and 63 and the sale of Job 63. The selling price is 140 percent of cost