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(Click the icon to view the activity.) Additionally, Van Day has completed Jobs 142 and 143, with total costs of $36,000 and $44,000, respectively. Read
(Click the icon to view the activity.) Additionally, Van Day has completed Jobs 142 and 143, with total costs of $36,000 and $44,000, respectively. Read the requirements. Requirement 1. Prepare the journal entry for production completed in June. (Prepare a single journal entry for this event. Record debits first, then credits. Select the explanation on the last line of the journa H entry table.) Date Accounts and Explanation Debit Credit ke June Data Table - X i Requirements _ X June 1 balance 32,000 1. Prepare the journal entry for production completed in June. 2. Open a T-account for Work-in-Process Inventory. Post the journal entry made Direct materials used 42.000 in Requirement 1. Compute the ending balance in the Work-in-Process Inventory account on June 30. Direct labor assigned to jobs 34,000 3. Prepare the journal entry to record the sale on account of Job 143 for Manufacturing overhead allocated to jobs 23,800 $61,000. Also, prepare the journal entry to record Cost of Goods Sold for Job 143 4. What is the gross profit on Job 143? C Print Done remaining Print Done Check
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