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.
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 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...
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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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb01f5ca3-4199-40f7-bb48-94436bdc3368%2Fa91b11b7-738a-42e9-9ecf-b3e45d0f033d%2F56cf47r_processed.jpeg&w=3840&q=75)
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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