In June, one of the processing departments at Redwood Systems Inc. had a beginning work in process inventory of $60,000 and ending work in process inventory of $14,000. During the month, the cost of units transferred out from the department was $625,000. In the department's cost reconciliation report for June, the total cost to be accounted for under the weighted average method would be: a. $699,000 b. $671,000 c. $586,000 d. $639,000

In June, one of the processing departments at Redwood Systems Inc. had a beginning work in process inventory of $60,000 and ending work in process inventory of $14,000. During the month, the cost of units transferred out from the department was $625,000. In the department's cost reconciliation report for June, the total cost to be accounted for under the weighted average method would be: a. $699,000 b. $671,000 c. $586,000 d. $639,000

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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