provide an explanation please

Job O E19-22 Completing and selling jobs lamal Company began operations on July 1, 2013. Information from job cost sheets shows the following: oi gnio b do Ela Learning Obj 3. Gross Profit $ Manufacturing Costs Assigned Job No. July August September 100 $12,000 $ 8,800 101 8,800 9,700 $ 12,000 102 5,000 103 11,800 6,000 104 5,800 7,000 Job 102 was completed in July. Job 100 was completed in August, and Jobs 101 and 103 were completed in September. Each job was sold for 80% above its cost in the month following completion. Requirements 1. Compute the balance in Work-in-Process Inventory at the end of July. Compute the balance in Finished Goods Inventory at the end of September. 3. Compute the gross profit for August. L 2STA Learnina Job O E19-22 Completing and selling jobs lamal Company began operations on July 1, 2013. Information from job cost sheets shows the following: oi gnio b do Ela Learning Obj 3. Gross Profit $ Manufacturing Costs Assigned Job No. July August September 100 $12,000 $ 8,800 101 8,800 9,700 $ 12,000 102 5,000 103 11,800 6,000 104 5,800 7,000 Job 102 was completed in July. Job 100 was completed in August, and Jobs 101 and 103 were completed in September. Each job was sold for 80% above its cost in the month following completion. Requirements 1. Compute the balance in Work-in-Process Inventory at the end of July. Compute the balance in Finished Goods Inventory at the end of September. 3. Compute the gross profit for August. L 2STA Learnina