In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $16,000 and ending work in process inventory of $21,000. During the month, the cost of units transferred out from the department was $151,000. In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be:

Question

Kylan Padilla

Business

25 April, 09:31

In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $16,000 and ending work in process inventory of $21,000. During the month, the cost of units transferred out from the department was $151,000. In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be:

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Ivy · Answer 1

the total cost to be accounted for under the weighted-average method would be: $172,000

Explanation:

Hint : Total Cost of Inputs must equal Total Costs of Outputs

Total Cost To be Accounted for is calculated as follows:

Cost of Ending Work in process Inventory $21,000

Add Cost of units transferred out from the department $151,000

Total Cost To be Accounted for $172,000