Balance of Work in Process and Finished Goods, Cost of Goods Sold
Derry Company uses joborder costing. At the end of the month, the following information was gathered:
tableJob #Total Cost,Complete?,Sold?$Yes,NoYes,YesNoNoYes,NoYes,NoNoNoYes,YesNoNoNoNoNoNo
The beginning balance of Finished Goods was $ consisting of Job which was not sold by the end of the month.
Required:
Calculate the balance in Work in Process at the end of the month.
$
Calculate the balance in Finished Goods at the end of the month.
$
Calculate Cost of Goods Sold for the month.
