Before the completed production for August is recorded, the work in process inventory account for Bayfield Company appears as follows:

Work in Process InventoryBalance August 1$17,000Direct material33,000Direct labor20,000Manufacturing overhead applied20,000

Assume that completed production forAugust includes Jobs 317, 318, and 319 with total costs of $31,000, $18,000, and $29,000, respectively.

a. Determine the cost of unfinished jobs at August 31 and prepare a journal entry to record completed production.

Work in process balance as of August 31: $