Chapter 4.A, Problem 4E

EXERCISE 4A-4 Cost Reconciliation Report-EIFO Method LO4-9

Schroeder Baking Corporation uses a process costing system in its large-scale baking operations. The Mixing Department is one of the company' s processing departments. In the Mixing Department in July, the cost of beginning work in process inventory was $1.460, the cost of ending work in process inventory was $3,120, and the cost added to production was $36.540.

Required:

Prepare a cost reconciliation report for the Mixing Department for July.