3 Inventory balance amounts; gross profit Based in the information below, answer the following questions about Jonick Industries for August, its first month of operations. (only if sold) Factory Machine Sales Job Job 201 Materials Labor Hours Completed? $12,000 $7,700 40 yes Price $32,800 Job 202 9,300 3,600 Job 203 4,100 11,200 Job 204 3,100 2,800 50 Job 205 7,400 9,100 Job 206 5,800 3,100 20 22222 30 yes 70 no yes 60 yes 28,300 For general factory use 4,800 5,800 Factory overhead is applied at a rate of $20 per machine hour. Gross profit for August Work in process, August 31 Finished goods, August 31