Chapter 5 Mastery In July, one of the processing departments at Junkin Corporation had beginning work...
Chapter 5 Mastery
In July, one of the processing departments at Junkin Corporation had beginning work in process inventory of $28,000 and ending work in process inventory of $30,000. During the month, $204,000 of costs were added to production and the cost of units transferred out from the department was $202,000.
Required:Construct a cost reconciliation report for the department for the month of July.
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Homework Answers
ANSWER:
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Cost reconciliation Statement: |
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Cost to be accounted for: |
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Cost of Beginning Work in Process |
28000 | ||
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Cost added to Production during the month |
204000 | ||
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Total cost to account for |
232000 | ||
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Cost accounted for as follows: |
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Cost of ending Work in process |
30000 | ||
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Cost of units transferred out |
202000 | ||
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Total cost accounted for |
232000 | ||
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Chapter 5 Mastery
In July, one of the processing departments at Junkin Corporation
had beginning work...
In July, one of the processing departments at Junkin Corporation had beginning work in process inventory...
In July, one of the processing departments at Junkin Corporation had beginning work in process inventory of $18,000 and ending work in process inventory of $20,000. During the month, $194,000 of costs were added to production and the cost of units transferred out from the department was $192,000. Required: Construct a cost reconciliation report for the department for the month of July. Costs to be accounted for Cost of beginning work in process inventory Costs added to production during the...
In July, one of the processing departments at Junkin Corporation had beginning work in process inventory...
In July, one of the processing departments at Junkin Corporation
had beginning work in process inventory of $18,000 and ending work
in process inventory of $20,000. During the month, $194,000 of
costs were added to production and the cost of units transferred
out from the department was $192,000.
Required:
Construct a cost reconciliation report for the department for
the month of July.
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In July, one of the processing departments at Junkin Corporation
had beginning work in process inventory of $18,000 and ending work
in process inventory of $20,000. During the month, $194,000 of
costs were added to production and the cost of units transferred
out from the department was $192,000.
Required:
Construct a cost reconciliation report for the department for
the month of July.
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