Question: answer must be complete to be considered correct. NO cut off answers A manufacturer began operations on April 1 and reports the information below. All

answer must be complete to be considered correct. NO cut off answers
answer must be complete to be considered correct. NO cut off answers

A manufacturer began operations on April 1 and reports the information below. All jobs are sold for 20% above cost. Job number 1 2 3 Manufacturing costs April May $ 830 $ 2,150 680 1,870 1,230 2,660 505 430 3,630 Job Status at May 31 Completed and sold during May In process Completed but not sold Completed and sold during May In process 5 1. Compute the May 31 balance in (a) Work in Process Inventory and (b) Finished Goods Inventory. 2. Compute gross profit for May

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