The costs to be accounted for in a cost reconciliation report consist of: Multiple Choice beginning work in process inventory + costs added to production during the period. ending work in process inventory + costs added to production during the period. conversion costs less the materials costs. beginning work in process inventory + ending work in process inventory.

Question

Ramon Rush

Business

1 July, 19:50

The costs to be accounted for in a cost reconciliation report consist of: Multiple Choice beginning work in process inventory + costs added to production during the period. ending work in process inventory + costs added to production during the period. conversion costs less the materials costs. beginning work in process inventory + ending work in process inventory.

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Melody Vincent · Answer 1

beginning work in process inventory + costs added to production during the period.

Explanation:

While preparing the cost reconciliation report, the cost accounted at the report should be beginning work in process inventory plus the cost that is added to the production during the period.

Only the beginning work in process inventory, and the cost added to the production should be recognized in the cost reconciliation report