Cost reconciliation
Costs to be accounted for: | |
Beginning Work in Process Cost | 4,850 |
Costs added to production | 25,150 |
Total costs to account for | 30,000 |
Costs accounted for as follows: | |
Cost assigned to units completed and transferred | 28,880 |
Cost of ending work in process inventory |
1,120 |
Total costs accounted for | 30,000 |
Total costs to account for = Cost assigned to units completed and transferred + Cost of ending work in process inventory
30,000 = Cost assigned to units completed and transferred + 1,120
Cost assigned to units completed and transferred = $28,880
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Maria Am Corporation uses the weighted average method in its process costing system. The Baking Department...
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 $3,570, 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. Baking Department Cost Reconciliation Costs to be...
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 $4,830, the cost of ending work in process inventory was $1,130, and the cost added to production was $25,600. Required: Prepare a cost reconciliation report for the Baking Department for June. Baking Department Cost Reconciliation Costs to be...
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 $4,820, the cost of ending work in process inventory was $1,130, and the cost added to production was $25,200. Required: Prepare a cost reconciliation report for the Baking Department for June. Baking Department Cost Reconciliation Costs to be accounted...
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 nventory was $3,570, 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. 2.5 points Baking Department Cost Costs to be...
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 $4,900, the cost of ending work in process inventory was $1,180, and the cost added to production was $25,600. Required: Prepare a cost reconciliation report for the Baking Department for June Baking Department Cost Reconciliation Costs to be accounted...
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