In February, one of the processing departments at Encinias Corporation had beginning work in process inventory of $27,000 and ending work in process inventory of $21,000. During the month, $316,000 of costs were added to production and the cost of units transferred out from the department was $322,000.The company uses the first-in, first-out method in its process costing system.Required:Construct a cost reconciliation report for the department for the month of February.

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The Answer of In February, one of the processing departments at Encinias Corporation had beginning work in process inventory of $27,000 and ending work in process inventory of $21,000. During the month, $316,000 of costs were added to production and the cost of units transferred out from the department was $322,000.The company uses the first-in, first-out method in its process costing system.Required:Construct a cost reconciliation report for the department for the month of February.

In February, One of the Processing Departments at Encinias Corporation