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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

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 $1,560 Yes No
302 1,120 Yes Yes
303 880 No No
304 2,210 Yes No
305 4,030 Yes No
306 400 No No
307 670 Yes Yes
308 510 No No
309 1,130 No No
310 570 No No

The beginning balance of Finished Goods was $410, 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. fill in the blank 1 of 1$

2. Calculate the balance in Finished Goods at the end of the month. fill in the blank 1 of 1$

3. Calculate Cost of Goods Sold for the month. fill in the blank 1 of 1$

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