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Friday, 14 December 2012

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.

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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