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		$6,700		$4,600				May
11		4,100		4,100		$3,000		June
12		1,300						April
13				4,800		3,600		June
14				5,400		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		$

SHOW LIST OF ACCOUNTS

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

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

SHOW LIST OF ACCOUNTS

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

Month		Gross Profit
May		$
June		$
July		$