In the cost reconciliation report,the costs accounted for equals the cost of beginning work in process inventory plus the cost of ending work in process inventory.

Question

Quizplus · Accepted Answer

The costs accounted for in a cost reconciliation report equal the cost of beginning work in process inventory plus the costs added during the period, not the ending work in process inventory.

In the Cost Reconciliation Report,the Costs Accounted for Equals the Cost