St. Lawrence Manufacturing Co. manufactures engines that are made only on customers’ orders and to their specifications. DurIng January, the company worked on Jobs 007, 008, 009, 010.

The following figures summarize the cost records for the month:

Job 007
(100 units)
Job 008
(60 units)
Job 009
(25 units)
Job 010
(100 units)

Direct materials put into process:
Jan. 2 . . . .............. $15,000 $ 5,000 — —
18 . . . . . . . . . . . . . . . . . 20,000 16,000 $ 5,000 —
22 . . . . . . . . . . . . . . . . . 15,000 1,000 10,000 $ 6,000
28 . . . . . . . . . . . . . . . . . — — 3,500 2,000
Direct labor cost: Week ending
Jan. 2 . . . .............. $ 1,000 $ 1,000 — —
9 ................. 27,000 9,000 — —
16 . . . . . . . . . . . . . . . . . 32,000 27,000 — —
23 . . . . . . . . . . . . . . . . . 20,000 3,000 $ 5,000 $ 500
30 . . . . . . . . . . . . . . . . . — — 18,000 11,500
Factory overhead . . . ..... $60,000 $32,000 $17,500 $10,500
Engines completed . . . . . . 100 60 25 —
Jobs 007 and 008 have been completed and delivered to the customer at a total selling price of $426,000, on account. Job 009 is finished but has not yet been delivered. Job 010 is still in process.
There was no work in process at the beginning of the month.


Required:
1. Prepare the summary journal entries for the month to record the distribution of materials, labor, and overhead costs.

2. Prepare a summary showing the total cost of each job completed during the month or in process at the end of the month.

Also, determine the cost of the inventories of completed engines and engines in process at the end of the month.
3. Prepare the journal entries to record the completion of the jobs and the sale of the jobs.
4. Prepare a statement of cost of goods manufactured.