June production generated the following activity in Axle Chassis Company's Work-in-Process Inventory account: E: (Click the icon to view the activity.) Additionally, Axle has completed Jobs 142 and 143, with total costs of $48,000 and $40,000, 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 Accounts and Explanation Debit Credit June i Data Table . X $ June 1 balance Direct materials used Direct labor assigned to jobs Manufacturing overhead allocated to jobs 26,000 38,000 42,000 25,200 Print Done i Requirements 1. Prepare the journal entry for production completed in June. 2. 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. 3. Prepare the journal entry to record the sale on account of Job 143 for $63,000. Also, prepare the journal entry to record Cost of Goods Sold for Job 143 4. What is the gross profit on Job 143? Print Done