Response to the following problem:
The following account appears in the ledger after only part of the postings have been completed for March:
Work in Process Balance, March 1 $18000
Direct materials $122500
Direct Labor $145000
Factory Over head $80000
Jobs finished during March are summarized as follows:
Job 320 $72400
Job 326 $79200
Job 327 $46200
Job 350 $144600
a. Journalize the entry to record the jobs completed.
b. Determine the cost of the unfinished jobs at March 31.