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Derry Company uses joborder costing. At the end of the month, the following information was gathered: Job # Total Cost Complete? Sold? 301 $1,560 Yes
Derry Company uses joborder costing. At the end of the month, the following information was gathered: Job # Total Cost Complete? Sold? 301 $1,560 Yes No 302 1,180 Yes Yes 303 760 No No 304 2,190 Yes No 305 4,050 Yes No 306 320 No No 307 710 Yes Yes 308 580 No No 309 1,180 No No 310 480 No No The beginning balance of Finished Goods was $430, consisting of Job 300, which was not sold by the end of the month. 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. 95:]
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