Chapter 4, Problem 5E

EXERCISE 4-5 Cost Reconciliation Report-Weighted-Average Method LO4-5

Maria Am Corporation uses the weighted-average method in its process costing system. The Baking Department is one of the processing departments in its strudel manufacturing facility. In June in the Baking Department, the cost of beginning work in process inventory was $3_:57O_: the cost of ending work in process inventory was $2,860, and the cost added to production was $43,120.

Required:

Prepare a cost reconciliation report for the Baking Department for June.