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June production generated the following activity in Axle Chassis Company's Work-in-Process Inventory account: (Click the icon to view the activity.) Additionally, Axle has completed Jobs

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June production generated the following activity in Axle Chassis Company's Work-in-Process Inventory account: (Click the icon to view the activity.) Additionally, Axle has completed Jobs 142 and 143, with total costs of $48,000 and $45,000, respectively. Read the requirements X Data Table - June 1 balance $ 40,000 Direct materials used 42,000 Direct labor assigned to jobs 30,000 Manufacturing overhead allocated to jobs 12,000 Print Done 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 $58,000. Also, prepare the journal entry to record Cost of Goods Sold for Job 143. What is the gross profit on Job 143

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