A manufacturer began operations on April 1 and reports the information below. All jobs are...

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Accounting

A manufacturer began operations on April 1 and reports the information below. All jobs are sold for 20% above cost./p>
\table[[\table[[Manufacturing],[costs]]],[Job number,April,May,Job Status at May 31],[1,$800,$2,120,Completed and sold during May],[2,650,1,840,In process],[3,1,200,2,630,Completed but not sold],[4,475,400,Completed and sold during May],[5,,3,600,In process]]
Compute the May 31 balance in (a) Work in Process Inventory and (b) Finished Goods Inventory.
Compute gross profit for May.
Complete this question by entering your answers in the tabs below.
Required 1A
Required 1B
Required 2
Compute gross profit for May.
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