In preparing a cost of production report, it is often necessary to round unit costs. As a
Question:
In preparing a cost of production report, it is often necessary to round unit
costs. As a result, the Total Costs Accounted For, computed by adding the
ending work in process inventory and the cost of units transferred out of
the department, may not exactly equal the Total Costs to Be Accounted
For. What adjustment is made to make the two numbers agree?
LO.1
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Related Book For
Cost Accounting Principles And Applications
ISBN: 9780028034287
6th Edition
Authors: Horace R. Brock, Linda Herrington
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