In August, one of the processing departments at Marchese Corporation had beginning work in process inventory of $34,000 and ending work in process inventory of $35,000. During the month, $401,000 of costs were added to production. The company uses the FIFO method in its process costing system.
Required:
Construct a cost reconciliation report for the department for the month of August.

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The Answer of In August, one of the processing departments at Marchese Corporation had beginning work in process inventory of $34,000 and ending work in process inventory of $35,000. During the month, $401,000 of costs were added to production. The company uses the FIFO method in its process costing system.
Required:
Construct a cost reconciliation report for the department for the month of August.

In August, One of the Processing Departments at Marchese Corporation