Laubitz Company begins opera$$ons on Apr $1.$ Informa$$on from Job cost sheets shows the following:

Manufacturing Costs Assigned

Job Number April May June Month Completed

$10$ $$6,500$ $$4,400$ May

$11$ $$4,100$ $$3,900$ $$3,000$ June

$12$ $$1,200$ April

$13$ $$4,700$ $$3,400$ June

$14$ $$5,400$ $$3,600$ Not Complete

Each Job was sold for $30\%$ above its cost in the month following comple$$on$.$

Hint: Determine the month sold for each job and then complete the ques$$on$.$ Remember to add the total

costs of the jobs in April, May and June.

Use the informa$$on provided to answer the following ques$$ons:

a$)$ What is the value of Laubitz's work$-$in$-$process inventory on June $30$th$?$

b$)$ What is the value of Laubitz's finished goods inventory on June $30$th$?$

c$)$ What is the value of Laubitz's gross profit for the month of July only?