Question 39

Not yet answered

Marked out of 1.00

Remove flag

Question text

In January, one of the mixing departments at Alawneh Corporation had ending work in process inventory of $26,000. During the month, $426,000 of costs were added to production and the cost of units transferred out from the department was $436,000. The company uses the FIFO method in its process costing system. In the department's cost reconciliation report for January, the total cost to be accounted for would be:

a.

$924,000

b.

$462,000

c.

$62,000

d.

$888,000

Clear my choice