In July, one of the processing departments at Glenco Manufacturing had ending work in process inventory of $15,800. During the month, $520,000 of costs were added to production, and the cost of units transferred out from the department was $540,000. What was the cost of beginning work in process inventory in the department's cost reconciliation report for July?

In July, one of the processing departments at Glenco Manufacturing had ending work in process inventory of $15,800. During the month, $520,000 of costs were added to production, and the cost of units transferred out from the department was $540,000. What was the cost of beginning work in process inventory in the department's cost reconciliation report for July?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 4PB: During March, the following costs were charged to the manufacturing department: $22,500 for...

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