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kondor19780726 [428]
3 years ago
10

"In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $13,000 and ending

work in process inventory of $18,000. During the month, the cost of units transferred out from the department was $148,000. In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be:"
Business
1 answer:
tensa zangetsu [6.8K]3 years ago
7 0

Answer:

The total cost to be accounted for under the weighted-average method is $166,000

Explanation:

Okamura Corporation Partial Manufacturing Account

                         Particulars                                Amount

Cost of ending work in process inventory      $18,000

Add: Cost of units transferred out                   <u>$148,000</u>

Total cost accounted for                                  <u>$166,000</u>

The total cost to be accounted for under the weighted-average method is $166,000

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