Can you explain to me how we compute

Cost of Good Sold for Job 120 is 16,000 in debit and Finished goods inventory 16,000 in credit? Please look at the question below

Custom Cabinetry has one job in process (Job 120) as of June 30; at that time, its job cost sheet reports direct materials of $6,000, direct labor of $2,800, and applied overhead of $2,240. Custom Cabinetry applies overhead at the rate of 80% of direct labor cost. During July, Job 120 is sold (on account) for $22,000, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom Cabinetry incurs the following costs during July. July Product Costs Direct materials Direct labor Overhead applied Job 120 Job 121 Job 122 $1,000 $6,000 $2,500 2,200 3,700 2,100 2 ? ? Total $9,500 8,000 2 1. Prepare journal entries for the following in July, a. Direct materials used in production. b. Direct labor used in production, C. Overhead applied. d. The sale of Job 120. e. Cost of goods sold for Job 120. 2. Compute the July 31 balances of the Work in Process Inventory and the Finished Goods Inventory accounts. (Assume there are no jobs in Finished Goods Inventory as of June 30.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries for the above transactions in July. Required 1 Required 2 Prepare journal entries for the above transactions in July. No Transaction Debit Credit 1 a. General Journal Work in process inventory Raw materials inventory 9,500 9,500 2 b. 8,000 Work in process inventory Factory wages payable 8,000 3 C. 6,400 Work in process inventory Factory overhead 6,400 4 d. 22,000 Accounts receivable Sales 22.000 5 e. 4,960 % Cost of goods sold Finished goods inventory 4,960 X