In July, one of the processing departments at Junkin Corporation had beginning work in process inventory of $21,000 and ending work in process inventory of $23,000. During the month, $197,000 of costs were added to production and the cost of units transferred out from the department was $195,000. 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