June production generated the following activity in Cruiser Chassis Company's Work-in-Process Inventory account Click the icon to view the activity) Additionally, Cruiser has completed Jobs 142 and 143, with total costs of $41,000 and $50,000, respectively Read the coduirement 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 June 1 balance $ 24,000 Direct materials used 42,000 Direct labor assigned to jobs 32,000 Manufacturing overhead allocated to jobs 25,600 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 $56,000. Also, prepare the journal entry to record Cost of Goods Sold for Job 143. 4. What is the gross profit on Job 143