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Laubitz Company begins operations on April 1. Information from Job cost sheets shows the following: Manufacturing Costs Assigned Job Number April May June Month

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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 $4,400 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 completion. Hint: Determine the month sold for each job and then complete the question. Remember to add the total costs of the jobs in April, May and June. Use the information provided to answer the following questions: a) What is the value of Laubitz's work-in-process inventory on June 30th? $ b) What is the value of Laubitz's finished goods inventory on June 30th? $ c) What is the value of Laubitz's gross profit for the month of July only? $

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