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 $45,000 and $50,000, 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 JuneData table June 1 balance Direct materials used Direct labor assigned to jobs Manufacturing overhead allocated to jobs 30,000 26,000 38,000 19,000 Requirements 1. Prepare the journal entry for production completed in June. 2. Open a T-account for Work-inProcess Inventory. Post the journal entry made in Requirement 1. Compute the ending balance in the 1UliorkinProcess Inventory account on June 30. 3. Prepare the journal entry to record the sale on account of Job 143 for $64,000. Also, prepare the journal entry to record Cost of Goods Sold for Job 143. 4. What is the gross prot on Job 143? Accounts Receivable Cash duction ! Work-in ck the ico Cost of Goods Sold ally, Van 000 and Finished Goods Inventory e require Manufacturing Overhead . . Raw Materials Inventory ment 1. epare a ion on th Sales Revenue te Wages Payable De