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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