Question

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:a. $31,000 b. $119,000 c. $132,000 d. $166,000

Answer 1

Answer:

d. $166,000

Explanation:

Under the weighted average method,  cost to be accounted =

cost ending work in process inventory of $18,000 + cost of unit to be transfer out of $148,00