In August, one of the processing departments at Tsuzuki Corporation had beginning work in process inventory of $24,800 and ending work in process inventory of $13,800. During the month, $291,000 of costs were added to production.In the department's cost reconciliation report for August, the total cost to be accounted for would be:
A) $38,600
B) $315,800
C) $606,800
D) $631,600

Question

Quizplus · Accepted Answer

The total cost to be accounted for can be calculated as:

Beginning work in process inventory + Costs added during the period = Total cost to be accounted for

$24,800 + $291,000 = $315,800

Therefore, the correct answer is B) $315,800.

In August, One of the Processing Departments at Tsuzuki Corporation