Superior Engine reconditions engines. Its job cost records yield the following information. Superior Engine uses a perpetual inventory system. BE: (Click to view the job order costing records information.) Read the requirements. Requirement 2. Make summary journal entries to record the transfer of completed jobs from Work in Process Inventory to Finished Goods Inventory for May and June. explanations from any journal entries.) Record May's entry. Journal Entry Accounts Credit Date May Debit 1,200 Finished Goods Inventory Work in Process Inventory 1,200 Finished Goods Inventory 1,700 Work in Process Inventory 1,700 3. Record the sale of Job 5 on account for $1,900. 4. Compute the gross profit for Job 5. What costs must the gross profit cover? Job Date Started 4/26 4/3 Finished 517 5/12 $ Sold 5/9 5/13 6/3 Total Total Cost Manufacturing of Job at Cost Added May 31 in June 1,200 1,700 1,600 500 $ 300 800 5/29 5/31 $ 6/1 oo AW N- 5/31 6/8 6/23 6/1 6/12 7/6 6/14 7/9 1.100