In November,one of the processing departments at Ijames Corporation had ending work in process inventory of $26,000.During the month,$426,000 of costs were added to production and the cost of units transferred out from the department was $436,000.The company uses the FIFO method in its process costing system.In the department's cost reconciliation report for November,the total cost to be accounted for would be:
A)$924,000
B)$888,000
C)$62,000
D)$462,000

Question

Quizplus · Accepted Answer

FIFO method
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In November,one of the Processing Departments at Ijames Corporation Had