In May, one of the processing departments at Patton Corporation had beginning work-in-process inventory of $31,000. During the month, $369,000 of costs were added to production and the cost of units transferred out from the department was $368,000.
Required:
Construct a cost reconciliation report for the department for the month of May.

Question

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The Answer of In May, one of the processing departments at Patton Corporation had beginning work-in-process inventory of $31,000. During the month, $369,000 of costs were added to production and the cost of units transferred out from the department was $368,000.
Required:
Construct a cost reconciliation report for the department for the month of May.

In May, One of the Processing Departments at Patton Corporation