Ask Question
2 March, 03:24

In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $21,000 and ending work in process inventory of $27,000. During the month, $244,000 of costs were added to production and the cost of units transferred out from the department was $238,000. In the department's cost reconciliation report for April, the total cost to be accounted for under the weighted-average method would be:

a. $265,000

b. $48,000

c. $530,000

d. $509,000

+4
Answers (1)
  1. 2 March, 04:27
    0
    a. $265,000

    Explanation:

    The computation of the total cost to be accounted for under the weighted-average method is shown below:

    = Ending work in process inventory + cost of units transferred out from the department

    = $27,000 + $238,000

    = $265,000

    For cost reconciliation report, the total cost includes the ending work in process inventory and the transferred units only
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $21,000 and ending work in ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers