In July, one of the processing departments at Junkin Corporation had beginning work in process inventory of $18,000 and ending work in process inventory of $20,000. During the month, $194,000 of costs were added to production and the cost of units transferred out from the department was $192,000. 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