In February, one of the processing departments at Whisenhunt Corporation had beg
ID: 2503318 • Letter: I
Question
In February, one of the processing departments at Whisenhunt Corporation had beginning work in process inventory of $35,000 and ending work in process inventory of $11,000. During the month, the cost of units transferred out from the department was $410,000. In the department's cost reconciliation report for February, the total cost to be accounted for would be: Answer $46,000 $807,000 $842,000 $421,000 In February, one of the processing departments at Whisenhunt Corporation had beginning work in process inventory of $35,000 and ending work in process inventory of $11,000. During the month, the cost of units transferred out from the department was $410,000. 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 Whisenhunt Corporation had beginning work in process inventory of $35,000 and ending work in process inventory of $11,000. During the month, the cost of units transferred out from the department was $410,000. In the department's cost reconciliation report for February, the total cost to be accounted for would be: $46,000 $807,000 $842,000 $421,000 $46,000 $807,000 $842,000 $421,000Explanation / Answer
Cost of units transferred out + Ending inventory = Total cost accounted for
This is equal to total cost to be accounted for.
$11,000 + $410,000 = $421,000