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June production generated the following activity in Van Day Chassis Company's Work-in-Process Inventory account: E: (Click the icon to view the activity.) Additionally, Van Day
June production generated the following activity in Van Day Chassis Company's Work-in-Process Inventory account: E: (Click the icon to view the activity.) Additionally, Van Day has completed Jobs 142 and 143 , with total costs of $35,000 and $36,000, respectively. Read the requirements. the last line of the journal entry table.) Data table Requirements 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 $47,000. Also, prepare the journal entry to record Cost of Goods Sold for Job 143. 4. What is the gross profit on Job 143
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