in July, one of the processing department at Junkin corporation had beginning work in process inventory of $32,000 and Ending work in progress inventory of $34,000. During the month, $208,000 of cost were added to production in the class of units transferred out from the department was $206,000.

Seved TB Problem Qu. 5-134. In July, one of the processing departments ... In July, one of the processing departments at Junkin Corporation had beginning work in process inventory of $32,000 and ending work in process inventory of $34,000. During the month, $208,000 of costs were added to production and the cost of units transferred out from the department was $206,000. 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 month Total cost to be accounted for Costs accounted for as follows: Cost of ending work in process inventory Cost of units transferred out Total cost accounted for