In September, one of the processing departments at Wielgus Corporation had beginning work in process inventory of $27,000 and ending work in process inventory of $10,000. During the month, $296,000 of costs were added to production. In the department's cost reconciliation report for September, the total cost to be accounted for would be:
A)$37,000
B)$323,000
C)$619,000
D)$646,000

Question

Quizplus · Accepted Answer

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

Total cost to be accounted for = Beginning work in process inventory + Cost added during the month
= $27,000 + $296,000
= $323,000

Therefore, the correct answer is B.

In September, One of the Processing Departments at Wielgus Corporation