Question

1. In August, one of the processing departments at Knepp Corporation had beginning work in process...

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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