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16 August, 13:42

In June, one of the processing departments at Football Corporation had beginning work in process inventory of $13,800. During the month, $444,000 of costs were added to production and the cost of units completed and transferred out from the department was $422,000. In the department's cost reconciliation report for January, the cost of ending work in process inventory for the department would be:

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  1. 16 August, 13:51
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    Ending Work In Process 35,800

    Explanation:

    Beginning WIP 13,800

    cost added 444,000

    transferred-out (422,000)

    ending WIP 35,800

    begining WIP + added = transferred-out + ending WIP
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