Question

In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $26,000 and ending work in process inventory of $31,000. During the month, the cost of units transferred out from the department was $161,000 In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be: _________A. $145,000 B. $132,000 C. $192,000 D. $57,000

Answer 1

Answer:

Total cost accounted will be $192000

So option (C) will be correct answer

Explanation:

We have given beginning work in process inventory = $26000

Ending work in process inventory = $31000

And cost of units transferred from the department is $161000

We have to find the total cost accounted

Total cost account will be equal to sum of ending process inventory and cost of units transferred out from the department

So total cost accounted = $31000 + $161000 = $192000

So option (C) will be correct answer