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

		Manufacturing Costs Assigned
Job Number		April		May		June		Month Completed
10		$6,460		$5,820				May
11		5,120		4,960		$2,520		June
12		1,420						April
13				5,830		5,670		June
14				7,480		4,490		Not complete

Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion.

What is the balance in Work in Process Inventory at the end of each month?

What is the balance in Work in Process Inventory at the end of each month?

		Work in Process Inventory
April 30		$enter a dollar amount
May 31		$enter a dollar amount
June 30		$enter a dollar amount

What is the balance in Finished Goods Inventory at the end of each month?

		Finished Goods Inventory
April 30		$enter a dollar amount
May 31		$enter a dollar amount
June 30		$enter a dollar amount

What is the gross profit for May, June, and July?

		Gross Profit
May		$enter a dollar amount
June		$enter a dollar amount
July		$enter a dollar amount