In October, one of the processing departments at Moake Corporation had beginning work in process inventory of $21,000 and ending work in process inventory of $35,000. During the month, $247,000 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

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The Answer of In October, one of the processing departments at Moake Corporation had beginning work in process inventory of $21,000 and ending work in process inventory of $35,000. During the month, $247,000 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 Moake Corporation