The following account appears in the ledger prior to recognizing the jobs completed in August:

The following account appears in the ledger prior to recognizing the jobs completed in August:

	Work in Process
Balance, August 1	$ 59,050
Direct materials	335,000
Direct labor	494,700
Factory overhead	226,200

Jobs finished during August are summarized as follows:

Job 210	$178,300
Job 216	232,250
Job 224	149,500
Job 230	328,250

Required:

a. Journalize the entry on Aug. 31 to record the jobs completed. Refer to the Chart of Accounts for exact wording of account titles.

b. Determine the cost of the unfinished jobs at August 31. CHART OF ACCOUNTS General Ledger ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials 132 Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 191 Factory 192 Accumulated Depreciation-Factory LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary REVENUE 410 Sales 610 Interest Revenue