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3 January, 13:59

In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $37,000 and ending work in process inventory of $43,000. During the month, $260,000 of costs were added to production and the cost of units transferred out from the department was $254,000. In the department's cost reconciliation report for April, the total cost to be accounted for under the weighted-average method would be:

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  1. 3 January, 14:10
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    total cost to be accounted = $297000

    Explanation:

    given data

    beginning work in process inventory = $37,000

    ending work in process inventory = $43,000

    costs added to production = $260,000

    cost of units transferred out = $254,000

    solution

    we get here total cost to be accounted that is express as

    total cost to be accounted = ending work in process inventory + cost of units transferred out ... 1

    put here value and we will get

    total cost to be accounted = $43,000 + $254,000

    total cost to be accounted = $297000
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