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Derry Company uses job-order costing. At the end of the month, the following information was gathered: Job # Total Cost Complete? Sold? 301 $1,500 Yes

  1. Derry Company uses job-order costing. At the end of the month, the following information was gathered:

    Job # Total Cost Complete? Sold?
    301 $1,500 Yes No
    302 1,100 Yes Yes
    303 820 No No
    304 2,380 Yes No
    305 4,150 Yes No
    306 360 No No
    307 680 Yes Yes
    308 510 No No
    309 1,300 No No
    310 580 No No

    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. $

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

    3. Calculate Cost of Goods Sold for the month. $

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