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? NO 301 $1,700 Yes 302 1,300 Yes Yes 740 303 No No 2,320 304 Yes No 4,070 Yes 305 No 420 306 NO NO Yes Yes 307 660 308 600 NO No NO No 309 1,270 No No 510 310 The beginning balance of Finished Goods was $520, 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 > - 302 1,300 Yes Yes 303 740 No NO 304 2,320 Yes No 305 4,070 Yes No 306 420 NO No 307 660 Yes Yes 308 600 No No 309 1,270 No No 310 510 No No The beginning balance of Finished Goods was $520, 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