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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 th
Posted: Sat Feb 19, 2022 2:33 pm
by answerhappygod
- Balance Of Work In Process And Finished Goods Cost Of Goods Sold Derry Company Uses Job Order Costing At The End Of Th 1 (25.16 KiB) Viewed 35 times
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 $1,690 Yes No 302 1,250 Yes Yes 303 850 No No 304 2,220 Yes No 305 4,090 Yes No 306 320 No No 307 770 Yes Yes 308 530 No No 309 1,210 No No 310 430 No No The beginning balance of Finished Goods was $330, 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. SI 3. Calculate Cost of Goods Sold for the month.