In February, one of the processing departments at Carpentier Corporation had beg
ID: 2503317 • Letter: I
Question
In February, one of the processing departments at Carpentier Corporation had beginning work in process inventory of $14,000 and ending work in process inventory of $29,000. During the month, $148,000 of costs were added to production and the cost of units transferred out from the department was $133,000. In the department's cost reconciliation report for February, the total cost to be accounted for would be: Answer $310,000 $162,000 $324,000 $43,000 In February, one of the processing departments at Carpentier Corporation had beginning work in process inventory of $14,000 and ending work in process inventory of $29,000. During the month, $148,000 of costs were added to production and the cost of units transferred out from the department was $133,000. In the department's cost reconciliation report for February, the total cost to be accounted for would be: In February, one of the processing departments at Carpentier Corporation had beginning work in process inventory of $14,000 and ending work in process inventory of $29,000. During the month, $148,000 of costs were added to production and the cost of units transferred out from the department was $133,000. In the department's cost reconciliation report for February, the total cost to be accounted for would be: $310,000 $162,000 $324,000 $43,000 $310,000 $162,000 $324,000 $43,000Explanation / Answer
Total cost = Cost of units transferred out from the department $133,000 + ending work in process inventory $29,000
= 133000+29000 = 162000 .................Ans (B)