Question: Balance of Work in Process and Finished Goods, Cost of Goods Sold Zanthum Company uses job-order costing. At the end of the month, the following information was gathered:

Job #         Total Cost          Complete?          Sold?

301            $ 730                  Yes                No

302            1,560                  Yes               Yes  

303              550                    No                No

304            2,300                  Yes                No

305            4,560                  Yes                No

306              280                    No                No

307              360                   Yes              Yes

308              780                    No                No

309            1,200                   No                No

310              260                   No                 No

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.