A manufacturer began operations on April 1 and reports the information below. All jobs are sold for 20% above cost. 1. Compute the May 31 balance in (a) Work in Process Inventory and (b) Finished Goods Inventory. 2. Compute gross profit for May. Compute the May 31 balance in Finished Goods Inventory. Compute gross profit for May. Compute the May 31 balance in Work in Process Inventory