Homework: Chapter M:2 Homework Question 3, EM2-23 (similar to) Part 1 of 5 HW Score: 0%, 0 of 5 points Points: 0 of 1 Save June production generated the following activity in Bentley Chassis Company's Work-in-Process Inventory account: (Click the icon to view the activity.) Additionally, Bentley has completed Jobs 142 and 143, with total costs of $44,000 and $50,000, 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 journal entry table.) Date June quirements Accounts and Explanation Debit Credit - Data table - Prepare the journal entry for production completed in June. 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. Prepare the journal entry to record the sale on account of Job 143 for $62,000. Also, prepare the journal entry to record Cost of Goods Sold for Job 143. What is the gross profit on Job 143? June 1 balance Direct materials used $ 38,000 25,000 32,000 Manufacturing overhead allocated to jobs 16,000 Direct labor assigned to jobs Print Done Print Done Help me solve this Demodocs example Get more help Clear all Check answer