In June, one of the processing departments at Furbush Corporation had ending work in process inventory of $12,000. During the month, $404,000 of costs were added to production and the cost of units transferred out from the department was $426,000.
-In the department's cost reconciliation report for June,the total cost accounted for would be:
A) $876,000
B) $46,000
C) $842,000
D) $438,000

Question

Quizplus · Accepted Answer

Total cost accounted for = Cost of ending work in process inventory + Cost of units transferred out
= $12,000 + $86,000 = $121,000

In June, One of the Processing Departments at Furbush Corporation