In September, one of the processing departments at Shenkel corporation had a beginning work-in-process inventory of $25,000 and an ending work-in-process inventory of $18,000. During the month, the cost of units transferred out from the department was $304,000. In the department's cost reconciliation report for September, the total cost accounted for would be: A. $644,000 B. $43,000 C. $322,000 D. $619,000
In September, one of the processing departments at Shenkel corporation had a beginning work-in-process inventory of $25,000 and an ending work-in-process inventory of $18,000. During the month, the cost of units transferred out from the department was $304,000. In the department's cost reconciliation report for September, the total cost accounted for would be: A. $644,000 B. $43,000 C. $322,000 D. $619,000
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 6BE: The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus...
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