Question

n August, one of the processing departments at Tsuzuki Corporation had beginning work in process inventory of $24,500 and ending work in process inventory of $13,500. During the month, $288,000 of costs were added to production. In the department's cost reconciliation report for August, the total cost to be accounted for would be:

Answer 1

Answer:

$312,500

Explanation:

Given that,,

Beginning work in process inventory = $24,500

Ending work in process = $13,500

Costs added to production during the month = $288,000

Therefore, the total cost to be accounted is calculated as follows:

= Beginning work in process inventory + Costs added to production during the month

= $24,500 + $288,000

= $312,500