Stormrage Company uses the weighted average method in its process costing system. In the most recent accounting period, the cost of beginning work in process inventory was $12,300, the cost of ending work in process inventory was $17,600, costs added to production during the current period were $147,000 and the cost of units transferred out of work in process was $141,700. Based on this information, what amount will Stormrage's Cost Reconciliation Report show as costs to be accounted for? $141,700 $154,000 $159,300 $164,600 a. b. C. d.
Stormrage Company uses the weighted average method in its process costing system. In the most recent accounting period, the cost of beginning work in process inventory was $12,300, the cost of ending work in process inventory was $17,600, costs added to production during the current period were $147,000 and the cost of units transferred out of work in process was $141,700. Based on this information, what amount will Stormrage's Cost Reconciliation Report show as costs to be accounted for? $141,700 $154,000 $159,300 $164,600 a. b. C. d.
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 12E: a. Based on the data in Exercise 17-11, determine the following: 1. Cost of beginning work in...
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![Stormrage Company uses the weighted average method in its process costing system.
In the most recent accounting period, the cost of beginning work in process inventory
was $12,300, the cost of ending work in process inventory was $17,600, costs added to
production during the current period were $147,000 and the cost of units transferred
out of work in process was $141,700.
Based on this information, what amount will Stormrage's Cost Reconciliation Report
show as costs to be accounted for?
a.
b.
C.
d.
$141,700
$154,000
$159,300
$164,600](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fad61fb23-6772-4c68-a944-71325d2213c5%2F77a802c0-2be5-467b-b8c2-1882174b6b8d%2Fgnntwxs_processed.png&w=3840&q=75)
Transcribed Image Text:Stormrage Company uses the weighted average method in its process costing system.
In the most recent accounting period, the cost of beginning work in process inventory
was $12,300, the cost of ending work in process inventory was $17,600, costs added to
production during the current period were $147,000 and the cost of units transferred
out of work in process was $141,700.
Based on this information, what amount will Stormrage's Cost Reconciliation Report
show as costs to be accounted for?
a.
b.
C.
d.
$141,700
$154,000
$159,300
$164,600
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