Laubitz Company begins operations on April 1. Information from job cost sheets shows the following

Laubitz Company begins operations on April 1. Information from job cost sheets shows the following:Manufacturing Costs AssignedJob NumberAprilMayJuneMonth Completed10$6,500$4,400May114,1003,900$3,000June121,200April134,7003,400June145,4003,600Not completeEach job was sold for 25 % above its cost in the month following completion.IECalculate the balance in Work in Process Inventory at the end of each month.Work in Process InventoryApril 30$?May 31$?June 30$?Calculate the balance in Finished Goods Inventory at the end of each month.Finished Goods InventoryApril 30$?May 31$?June 30$?IECalculate the gross profit for May, June, and July. (Round answer to the nearest whole dollar, e.g. 5,275.)MonthGross ProfitMay$?June$?July$?

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