of $36,000 and $46,000, respectively. 1 Data Table - n cred June 1 balance $ 24,000 Direct materials used 38,000 Direct labor assigned to jobs 30,000 Manufacturing overhead allocated to jobs 21,000 ce Print Done the T-ac account 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 $58,000. Also, prepare the journal entry to record Cost of Goods Sold for Job 143. 4. What is the gross profit on Job 143? Print Done nd then continue to the next question. June production generated the following activity in Bentley Chassis Company's Work-in-Process Inventory account (Click the icon to view the activity) Additionally, Bentley has completed Jobs 142 and 143, with total costs of $36,000 and $46,000, respectively. Read the featuitements Requirement 1. Prepare the journal entry for production completed in June. (Prepare a single journal entry for this eu Date Accounts Debit Credit June Requirement 2. A T-account for Work-in-Process Inventory has been opened for you Enter the beginning balance "B in Requirement 1, using the appropriate descriptions as posting references Compute the ending balance "Bal" in the overhead.) Work in Process Inventory June production generated the following activity in Bentley Chassis Company's Work-in-Process Inventory account: (Click the icon to view the activity.) Additionally, Bentley has completed Jobs 142 and 143, with total costs of $36,000 and 546,000, respectively Read the requirements Requirement 2. A T-account for Work-in-Process Inventory has been opened for you. Enter the beginning balance "Beg Bal." on the first line of the T-account. Post the June activity, including the journal entry made in Requirement 1, using the appropriate descriptions as posting references. Compute the ending balance "Bal." in the Work-in-Process Inventory account on June 30. (Abbreviation used: MOH = manufacturing overhead.) Work-in-Process Inventory June production generated the following activity in Bentley Chassis Company's Work-in-Process Inventory account: (Click the icon to view the activity.) Additionally, Bentley has completed Jobs 142 and 143, with total costs of $35,000 and $46,000, respectively Read the requirements Requirement 3. Prepare the journal entry to record the sale on account of Job 143 for $58,000. Also, prepare the journal entry to record Cost of Goods Sold for Job 143 (Proparo a singlo Journal entry for this event. Record debits first, then credits. Exclude explanations from any journal entries.) Bogin by preparing the entry to record the sale on account. Do not record the cost of the sale with this entry. We will do that separately in the following stop Date Accounts Debit Credit June June Requirement 4. What is the gross profit on Job 143? The gross profit on Job 143 is
