E19-22 Completing and selling jobs Learning Objective 4 June production generated the following activity in Car Chassis Company's Work-in-Process Inventory account: 4. Gross profit $12,000 June 1 balance $ 38,000 Direct materials used 43,000 Direct labor assigned to jobs 42,000 Manufacturing overhead allocated to jobs 29,400 Additionally, Car Chassis has completed Jobs 142 and 143, with total costs of $46,000 and $35,000, respectively. Requirements 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 in Requirement 1. Compute the ending balance in the Work-in-Process Inventory account on June 30. 3. Prepare the journal entry to record the sale on account of Job 143 for $47,000. Also, prepare the journal entry to record Cost of Goods Sold for Job 143. 4. What is the gross profit on Job 143