Problem 4 Crankton Company begins operations on April 1, 2022. Information from job cost sheets shows the following Each job was sold for 25% above its cost in the month following completion Instructions: 1. Compute for the balance of Work in Process Inventory at the end of each month. 2. Compute for the balance of the Finished Goods Inventory at the end of each month 3. Compute for the gross profit for May, June and July