Finished Goods and Cost of Goods Sold Before the completed production for August is recorded, the work in process inventory account for Bayfield Company appears as follows: Assume that completed production for August includes jobs 317,318 , and 319 with total costs of $77,500,$45,000, and $55,000, respectively. a. Determine the cost of unfinished jobs at August 31 and prepare a journal entry to record completed production. Work in process balance as of August 31$ b. Using general journal entries, record the sale of Job 317 for $112,500 on account