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Ivanhoe Company begins operations on July 1, 2022. Information from job cost sheets shows the following: Manufacturing Costs Assigned Job No. July August September 100

Ivanhoe Company begins operations on July 1, 2022. Information from job cost sheets shows the following: Manufacturing Costs Assigned Job No. July August September 100 $10,320 $7,568 101 9,288 8,342 $10,320 102 4,300 103 10,148 5,160 104 4,988 6,020 Job 102 was completed in July. Job 100 was completed in August, and Jobs 101 and 103 were completed in September. Each job was sold for 60% above its cost in the month following completion. Compute the balance in Work in Process Inventory at the end of July. Balance work in process inventory $ Compute the balance in Finished Goods Inventory at the end of September. Balance finished goods inventory $ Compute the gross profit for August. Gross Profit

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