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

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June production generated the following activity in Van Day Chassis Company's Work-in-Process Inventory account: (Click the icon to view the activity.) Additionally, Van Day has completed Jobs 142 and 143, with total costs of $41,000 and $44,000, 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. Exclude explanations from any journal entries.) Date Accounts Debit Credit June Requirements * Data Table $ 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 $50,000. Also, prepare the journal entry to record Cost of Goods Sold for Job 143 4. What is the gross profit on Job 143? June 1 balance Direct materials used Direct labor assigned to jobs Manufacturing overhead allocated to jobs 30,000 28,000 32,000 16,000 wel Print Done

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