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QUESTION: In September, one of the processing departments at Farquer Corporation had beginning work in process inventory of $34,000. During the month, $342,000 of costs were added to production and the cost of units transferred out of the department was $357,000. Required: Construct a cost reconciliation report for the department for the month of September.

QUESTION: In September, one of the processing departments at Farquer Corporation had beginning work in process inventory of $34,000. During the month, $342,000 of costs were added to production and the cost of units transferred out of the department was $357,000. Required: Construct a cost reconciliation report for the department for the month of September.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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QUESTION: In September, one of the processing departments at Farquer Corporation had beginning work in process inventory of $34,000. During the month, $342,000 of costs were added to production and the cost of units transferred out of the department was $357,000. Required: Construct a cost reconciliation report for the department for the month of September.
Transcribed Image Text:QUESTION: In September, one of the processing departments at Farquer Corporation had beginning work in process inventory of $34,000. During the month, $342,000 of costs were added to production and the cost of units transferred out of the department was $357,000. Required: Construct a cost reconciliation report for the department for the month of September.
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