In the cost reconciliation report under the weighted-average method, the "Costs to be accounted for" section contains which of the following items?
A) Cost of beginning work in process inventory
B) Cost of ending work in process inventory
C) Cost of units transferred out
D) Cost of ending finished goods inventory

Question

Quizplus · Accepted Answer

The "Costs to be accounted for" section includes the cost of beginning work in process inventory, as it represents costs that need to be reconciled with the costs added during the period.

In the Cost Reconciliation Report Under the Weighted-Average Method, the "Costs