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

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

The beginning balance of Finished Goods was $300, 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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Related Book For  answer-question

Cornerstones of Managerial Accounting

ISBN: 978-1305103962

6th edition

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

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