In October,one of the processing departments at Ingersoll Corporation had beginning work in process inventory of $16,000 and ending work in process inventory of $29,000.During the month,$191,000 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 October.

Question

Quizplus · Accepted Answer

The Answer of In October,one of the processing departments at Ingersoll Corporation had beginning work in process inventory of $16,000 and ending work in process inventory of $29,000.During the month,$191,000 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 October.

In October,one of the Processing Departments at Ingersoll Corporation Had