Question

Che Exercise 5-5 Cost Reconciliation Report-Weighted Average Method (L05-5) 375 points 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 $4,810, the cost of ending work in process inventory was $1130, and the cost added to production was $25,150. eBook Required: Prepare a cost reconciliation report for the Baking Department for June. Hint Pin Baking Department Cost Reconciliation Costs to be accounted for Total cost to be accounted for Costs accounted for as follows Total cost accounted for

Answer 1

Baking Department Cost Reconciliation:

Costs to be accounted for:
Cost of beginning work in process inventory	$4,810
Costs added to production during the period	$25,150
Total cost to be accounted for	$29,960
Costs accounted for as follows:
Cost of ending work in process inventory	$1,130
Cost of units completed and transferred out	$28,830
Total cost accounted for	$29,960