In July, one of the processing departments at Junkin Corporation had beginning work in process inventory of $22,000 and ending work in process inventory of $24,000. During the month, $198,000 of costs were added to production and the cost of units transferred out from the department was $196,000. Required: Construct a cost reconcilliation report for the department for the month of July. In July, one of the processing departments at Junkin Corporation had beginning work in process inventory of $22,000 and ending work in process inventory of $24,000. During the month, $198,000 of costs were added to production and the cost of units transferred out from the department was $196,000. Required: Construct a cost reconcilliation report for the department for the month of July