During the current month, Reyes Corporation completed Job 310 and Job 312. Job 310 cost $62,890 and Job 312 cost $48,780. Job 312 was sold on account for $88,360. Journalize the entries for the completion of the two jobs and the sale of Job 312. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

The journal entries are as follows:

(a)

Finished Goods Inventory A/c Dr. $111,670

To Work in process ($62,890 + $48,780) $111,670

(To record completion of Job 310 and 312)

(b) Accounts receivable A/c Dr. $88,360

To Sales revenue $88,360

(To record sale of Job 312)

(c) Cost of goods sold A/c Dr. $48,780

To Finished goods inventory $48,780

(To record cost of goods sold for job 312)