The following account appears in the- ledger prior to recognizing the jobs completed in August: Journalize the entry to record the jobs completed Determine the cost of the unfinished jobs at August 31. Old School Publishing Inc. began printing operations on January I Jobs 301 and .502 were completed during the month, anti all costs applicable to them were recorded on the related cost sheets Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs. $8,000 of Indirect materials and $12,400 of indirect labor were used during the month. The cost sheet for the four jobs entering production during the month are as follows, in summary form: Direct and indirect materials used. Direct and indirect labor used factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost). Completion of Jobs 501 and 302