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June production generated the following activity in Auto Chassis Company's Work-in-Process Inventory account: Additionally, Auto has completed Jobs 142 and 143, with total costs of

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June production generated the following activity in Auto Chassis Company's Work-in-Process Inventory account: Additionally, Auto has completed Jobs 142 and 143, with total costs of $38,000 and $36,000, respectively. 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 $46,000 Also, ' prepare the journal entry to record Cost of Goods Sold for Job 14 V What is the gross profit on Job 143

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