Maria a.m. corporation uses a process costing system the banking department is o

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Maria a.m. corporation uses a process costing system the banking department is one of the p E-file.com Chapter 4 Homework Introduction and American Managerial Accounting Brewer, 7th Edition ACCT 230 ACCOUNTING hapter 4 Homework Question 4 (of 6) value 1.00 points Maria Am Corporation uses a process costing system. The Baking Department is one of the processing departments in its strudel manufacturing facility. In June in the Baking Department, the cost of beginning work in process inventory was $3,570, the cost of ending work in process inventory was $2.860, and the cost added to production was $43,120. Required Prepare a cost reconciliation report for the Baking Department for June. Baking Department Cost Reconciliation Costs to be accounted for Total cost to be accounted for Costs accounted for as follows: Total cost accounted for Hints References eBook &Resources; Hint 1

Explanation / Answer

BAKING DEPARTMENT COST RECONCILIATION FOR JUNE $ COSTS TO BE ACCOUNTED FOR:       COST OF BEGINNING WORK IN PROCESS INVENTORY 3,570       COSTS ADDED TO PRODUCTION DURING THE PERIOD 43,120 TOTAL COST TO BE ACCOUNTED FOR 46,690 COSTS ACCOUNTED FOR AS FOLLOWS:       COST OF ENDING WORK IN PROCESS INVENTORY 2,860       COST OF UNITS TRANSFERRED OUT 43,830 TOTAL COST ACCOUNTED FOR 46,690

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