Maria Am Corporation uses the weighted-average method in its process costing sys

Question

Maria Am Corporation uses the weighted-average method in its 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 $4,890, the cost of ending work in process inventory was $1,180, and the cost added to production was $25,700. 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

Explanation / Answer

Baking Department

Cost Reconciliation

Costs to be accounted for: Cost of beginning work in process inventory $4,890 Costs added to production during the period $25,700 Total cost to be accounted for $30,590 Costs accounted for as follows: Cost of ending work in process inventory $1,180 Cost of units completed and transferred out $29,410 Total cost accounted for $30,590

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