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Which report is a proper cost reconciliation report for the weighted average method of process costing? Costs to be accounted for: Cost beginning work in
Which report is a proper cost reconciliation report for the weighted average method of process costing? Costs to be accounted for: Cost beginning work in process inventory $ 10,000.00 Cost added to complete beginning work in process inventory $ 15,230.00 Cost added for units started $ 713,770.00 Cost of ending work in process inventory $ (10,140.00) Costs of units transferred out $ (728,860.00) Total cost unaccounted for $ - Costs to be accounted for: Cost of beginning work in process inventory $ 10,000.00 Cost added to complete beginning work in process inventory $ 15,230.00 Cost added for units started $ 713,770.00 Cost of ending work in process inventory $ (9,361.00) Cost of units started and completed $ (704,409.00) Cost of beginning inventory $ (25,230.00) Total cost unaccounted for $ - Costs to be accounted for: $ 10,000.00 Costs of beginning work in process inventory $ 729,000.00 Cost added to production durning the period $ 739,000.00
| Which report is a proper cost reconciliation report for the weighted average method of process costing? | |||||||||
| Costs to be accounted for: | |||||||||
| Cost beginning work in process inventory | $ 10,000.00 | ||||||||
| Cost added to complete beginning work in process inventory | $ 15,230.00 | ||||||||
| Cost added for units started | $ 713,770.00 | ||||||||
| Cost of ending work in process inventory | $ (10,140.00) | ||||||||
| Costs of units transferred out | $ (728,860.00) | ||||||||
| Total cost unaccounted for | $ - | ||||||||
| Costs to be accounted for: | |||||||||
| Cost of beginning work in process inventory | $ 10,000.00 | ||||||||
| Cost added to complete beginning work in process inventory | $ 15,230.00 | ||||||||
| Cost added for units started | $ 713,770.00 | ||||||||
| Cost of ending work in process inventory | $ (9,361.00) | ||||||||
| Cost of units started and completed | $ (704,409.00) | ||||||||
| Cost of beginning inventory | $ (25,230.00) | ||||||||
| Total cost unaccounted for | $ - | ||||||||
| Costs to be accounted for: | $ 10,000.00 | ||||||||
| Costs of beginning work in process inventory | $ 729,000.00 | ||||||||
| Cost added to production durning the period | $ 739,000.00 | ||||||||
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Financial Shenanigans
Authors: Howard Schilit
2nd Edition
0071386262, 9780071386265
