In July, one of the processing departments at Junkin Corporation had beginning work in process inventory of $24,000 and ending work in process inventory of $26,000. During the month, $200,000 of costs were added to production and the cost of units transferred out from the department was $198,000. Required: Construct a cost reconciliation report for the department for the month of July.
In July, one of the processing departments at Junkin Corporation had beginning work in process inventory of $24,000 and ending work in process inventory of $26,000. During the month, $200,000 of costs were added to production and the cost of units transferred out from the department was $198,000. Required: Construct a cost reconciliation report for the department for the month of July.
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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
Transcribed Image Text:In July, one of the processing departments at Junkin
Corporation had beginning work in process inventory of
$24,000 and ending work in process inventory of $26,000.
During the month, $200,000 of costs were added to
production and the cost of units transferred out from the
department was $198,000.
Required:
Construct a cost reconciliation report for the department for
the month of July.
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