In
July, one of the processing departments at Wrightsel Corporation had
beginning work in process inventory of $33,000 and ending work in
process inventory of $23,000. During the month, $233,000 of costs were
added to production and the cost of units transferred out from the
department was $243,000.
| Required: |
Construct a cost reconciliation report for the department for the month of July. (Omit the "$" sign in your response.)
|
| Cost Reconciliation | ||
| Costs to be accounted for: | ||
| Cost of beginning work in process inventory | $ | |
| Costs added to production during the month | ||
| Total cost to be accounted for | $ | |
| Costs accounted for as follows: | ||
| Cost of ending work in process inventory | $ | |
| Cost of units transferred out | ||
| Total cost accounted for | $ | |
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