Balance of Work in Process and Finished Goods, Cost of Goods Sold Derry Company uses job-order costing. At the end of the month, the following information was gathered: Job # Total Cost Complete? Sold? 301 $1,660 Yes No 302 1,170 Yes Yes 303 710 No No 304 2,490 Yes 305 4,080 Yes 306 330 No 307 770 Yes 308 560 No 309 1,200 No 500 No 2 2 2 2 2 2 No No No Yes No No 310 The beginning balance of Finished Goods was $370, consisting of Job 300, which was not sold by the end of the month. Required: 1. Calculate the balance in Work in Process at the end of the month. 3,300 2. Calculate the balance in Finished Goods at the end of the month. 8,230 X 3. Calculate Cost of Goods Sold for the month. 1,940 V