Ask Question
22 October, 08:39

In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $13,000 and ending work in process inventory of $18,000. During the month, the cost of units transferred out from the department was $148,000. In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be:a. $31,000 b. $119,000 c. $132,000 d. $166,000

+4
Answers (1)
  1. 22 October, 08:54
    0
    d. $166,000

    Explanation:

    Under the weighted average method, cost to be accounted =

    cost ending work in process inventory of $18,000 + cost of unit to be transfer out of $148,00
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $13,000 and ending work in ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers