The following account appears in the ledger after only part of the postings have been completed for January:
Work in Process
Balance, January............................. 1 $14,200
Direct materials................................. 115,400
Direct labor..................................... 124,500
Factory overhead................................ 65,400
Jobs finished during January are summarized as follows:
Job 710............ $62,500........... Job 727............. $ 35,400
Job 714.............. 75,600........... Job 732.............. 132,500
a. Determine the cost of jobs completed.
b. Determine the cost of the unfinished jobs at January 31.