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25 In July, one of the processing departments at Wrightsel Corporation had beginning work in process inventory of $33,000 and ending work in process inventory
25
In July, one of the processing departments at Wrightsel Corporation had beginning work in process inventory of $33,000 and ending work in process inventory of $23,000. During the month, $233,000 of costs were added to production and the cost of units transferred out from the department was $243,000. |
Required: |
Construct a cost reconciliation report for the department for the month of July. (Omit the "$" sign in your response.) |
Cost Reconciliation | ||
Costs to be accounted for: | ||
(Click to select)Cost of ending work in process inventoryCost of beginning work in process inventoryCost of units transferred out | $_____ | |
(Click to select)Costs added to production during the monthCost of units transferred outCost of ending work in process inventory | $______ | |
Total cost to be accounted for | $_______ | |
Costs accounted for as follows: | ||
(Click to select)Cost of beginning work in process inventoryCost of ending work in process inventoryCosts added to production during the month | $_____ | |
(Click to select)Costs added to production during the monthCost of beginning work in process inventoryCost of units transferred out | $_______ | |
Total cost accounted for | $_____ | |
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