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Metropolitans Manufacturing generated the following activity for July for its current jobs. Total costs accumulated in the Work-in-Process account. Manufacturing overhead was allocated at $35

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Metropolitans Manufacturing generated the following activity for July for its current jobs. Total costs accumulated in the Work-in-Process account. Manufacturing overhead was allocated at $35 per machine hour used. 1. Complete the Job Costs for each job listed below. 2. Prepare the journal entry for completion of jobs 123 and 124 in July. Open a T-account for Work-in-Process Inventory. Open a T-account for Work-in-Process Inventory. 3. Post the journal entry made in above. Compute the ending balance in the Work-in-Process Inventory account on July 31. 4. Prepare the journal entry needed to record the sale on account of Job 124 in the amount of $85,950. Also, prepare the journal entry to record the Cost of Goods sold for Job 124

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