DEF Corporation uses a job$-$order costing system. The company has three jobs in process as of June $1$:

Job $101$: $$10,000$

Job $102$: $$15,000$

Job $103$: $$5,000$

During June, the following transactions occurred:

Raw materials purchased on account: $$50,000$

Raw materials requisitioned for production:

Job $101$: $$5,000$

Job $102$: $$8,000$

Job $103$: $$12,000$

Indirect materials: $$3,000$

Factory labor incurred $($not yet paid$)$:

Direct labor:

Job $101$: $$7,000$

Job $102$: $$10,000$

Job $103$: $$5,000$

Indirect labor: $$4,000$

Manufacturing overhead costs incurred $($on account$)$: $$20,000$

Manufacturing overhead is applied to jobs at a rate of $150\%$ of direct labor cost.

Jobs completed:

Job $101$

Job $102$

Jobs shipped and customers billed:

Job $101$ at a markup of $25\%$ on cost

Operating expenses incurred $($on account$)$: $$12,000$

Required:

Calculate the total manufacturing costs for each job.

Calculate the ending balance of Work in Process $($WIP$)$ as of June $30.$

Prepare journal entries for the above transactions.

Calculate the Cost of Goods Manufactured $($COGM$)$ and Cost of Goods Sold $($COGS$).$

Prepare an income statement for June.