Ballenger Company uses job-order costing. At the end of the month, the following information was gathered:
|
Job #
|
Total Cost
|
Completed?
|
Sold?
|
|
901
|
$650
|
yes
|
no
|
|
902
|
400
|
no
|
no
|
|
903
|
550
|
yes
|
no
|
|
904
|
695
|
yes
|
yes
|
|
905
|
860
|
yes
|
no
|
|
906
|
750
|
no
|
no
|
|
907
|
180
|
yes
|
yes
|
|
908
|
700
|
no
|
no
|
|
909
|
905
|
no
|
no
|
|
910
|
803
|
yes
|
no
|
The beginning balance of Finished Goods was zero.
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.