In a cost reconciliation schedule, costs accounted for is computed by adding the cost of the beginning work in process and the cost of units transferred out. ending work in process and the cost of units started into production. beginning work in process and the cost of ending work in process. ending work in process and the cost of units transferred out.

Question

Trent Blake

Business

4 October, 02:39

In a cost reconciliation schedule, costs accounted for is computed by adding the cost of the beginning work in process and the cost of units transferred out. ending work in process and the cost of units started into production. beginning work in process and the cost of ending work in process. ending work in process and the cost of units transferred out.

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Patricia Christian · Answer 1

ending work in process and the cost of units transferred out.

Explanation:

In a cost reconciliation schedule, costs accounted for is computed by adding the cost of the ending work in process and the cost of units transferred out.

The cost reconciliation schedule gives the relationship between total costs accounted for and total costs to be accounted for.

When the total costs accounted for equal the total costs to be accounted for, this is a cost reconciliation schedule.