Assume the following information appears in the Milling Department's cost reconciliation report: Milling Department Costs added to production during the period Cost of beginning work in process inventory Cost of the units transferred out of the Milling Department Materials $650,000 $ 15,000 $645,000 What is the cost of the ending work in process inventory of the Milling Department? Multiple Choice $20,000 $35,000 $5,000 O $25,000 If a properly completed cost reconciliation report for a particular department says that the total cost accounted for is $100.000 and the cost of ending work in process invertorys 50.000, then the total cost to be accounted for must be Multiple Choice $106.000 5000 $10.000 O $100.000 Assume the following information: Percent Complete Materials Conversion 40% 30% Milling Department Beginning work in process inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process inventory Units 200 6,200 5,800 600 100% 70% 100% 60x Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 299,000 $300,000 Conversion $ 15,000 385,000 $400,000 Using the weighted average method, the total cost of the units completed and transferred out that would be reported on the cost reconciliation report is closest Multiple Choice $658.486 $654 286 5656,386 5659786 Percent Complete Materials Conversion 4ex Units 200 6,200 Milling Department Beginning work in process inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process inventory 30% 5,800 600 100% 40x 100% 20x Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 290,000 $300,000 Conversion $ 15,000 387,000 $402,000 Using the weighted-average method, the total cost of the units completed and transferred out that would be reported on the cost reconciliation report is closest te Multiple Choice S684,064 $679,864 $681,964 SR5364