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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
Transcribed Image Text: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
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