Entry for Jobs Completed; Cost of Unfinished Jobs

The following account appears in the ledger prior to recognizing the jobs completed in January:

	Work in Process
Balance, January 1	$12,630
Direct materials	102,680
Direct labor	110,770
Factory overhead	58,220

Jobs finished during January are summarized as follows:

Job 210	$51,170		Job 224	$59,700
Job 216	31,270		Job 230	113,720

a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank.

b. Determine the cost of the unfinished jobs at January 31.

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