The following account appears in the ledger prior to recognizing the jobs completed in January:
Work in Process
Balance, January 1.................................$ 72,000
Direct materials.....................................390,000
Direct labor..........................................500,000
Factory overhead...................................250,000
Jobs finished during January are summarized as follows:
Job 210.........$200,000.........Job 224.........$225,000
Job 216..........288,000..........Job 230...........436,800
a. Journalize the entry to record the jobs completed.
b. Determine the cost of the unfinished jobs at January 31.