1. In August, one of the processing departments at Knepp Corporation had beginning work in process inventory of $17,000 and ending work in process inventory of $13,000. During the month, $178,000 of costs were added to production.
In the department's cost reconciliation report for August, the
cost of units transferred out of the department would be:
$165,000 |
$182,000 |
$169,000 |
195,000 2. In January, one of the processing departments at Seidl Corporation had ending work in process inventory of $35,000. During the month, $111,000 of costs were added to production and the cost of units transferred out from the department was $86,000. In the department's cost reconciliation report for January, the cost of beginning work in process inventory for the department would be: |
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