Laubitz 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		$6,500		$4,500				May
11		4,200		4,200		$3,300		June
12		1,200						April
13				4,700		3,600		June
14				5,600		3,800		Not complete

Each job was sold for 25% above its cost in the month following completion.

Calculate the balance in Work in Process Inventory at the end of each month.

Work in Process Inventory
April 30		$
May 31		$
June 30		$

Calculate the balance in Finished Goods Inventory at the end of each month.

Finished Goods Inventory
April 30		$
May 31		$
June 30		$

Calculate the gross profit for May, June, and July.

Month		Gross Profit
May		$
June		$
July		$