June production generated the following activity in Pinto Chassis Company's Work-in-Process Inventory account:

Additionally, Pinto has completed Jobs 142 and 143, with total costs of $41,000 and $40,000 respectively.

June 1 balance $ 28000

Direct materials used 30000

Direct labor assigned to jobs 50000

Manufacturing overhead allocating to jobs 35000

Prepare the journal entry for production completed in June.

Open a T-account for Work-in-Progress Inventory. Post the journal entry made in Requirement 1. Compute the ending balance in the Work-in-Progress Inventory account on June 30.

Prepare the journal entry to record the sale on account of job 143 for $48000. Also, prepare the journal entry to record Cost of Goods Sold for Job 143.

What is the gross profit on Job 143?