Stadium Company begins operations on July 1, 2006. Information from job cost sheets shows the following: Manufacturing Costs Assigned Job No. July August September A21 $13,000 $4,100 A22 6,100 4,700 $9,000 A23 4,900 A24 2,600 3,000 A25 2,400 4,200 Job A23 was completed in July. Job A21 was completed in August, and Jobs A22 and A25 were completed in September. Each job was sold for 40% above its cost in the month following completion.

Instructions:

A. compute the balance in Work in Process Inventory at the end of July. 10,500.

B. Compute the balance in Finished Goods Inventory at the end of August. 12,400.

C. compute the gross profit for September.16, 200.