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 1,160 Yes Yes 303 800 No No 304 2,280 Yes No 305 4,060 Yes No 306 400 No No 307 660 Yes Yes 308 630 No 309 1,240 No 310 500 No 20 21 2 No No No The beginning balance of Finished Goods was $580, 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. $ 2. Calculate the balance in Finished Goods at the end of the month. 3. Calculate Cost of Goods Sold for the month. 40