In July, one of the processing departments at Junkin Corporation had beginning work in process inventory of $30,000 and ending work in process inventory of $32,000. During the month, $206,000 of costs were added to production and the cost of units transferred out from the department was $204,000.

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