In January, one of the processing departments at Seidl Corporation had ending work in process inventory of $35,000. During the month, $111,000 of costs were added to production and the cost of units transferred out from the department was $86,000.
-In the department's cost reconciliation report for January,the total cost accounted for would be:
A)$242,000
B)$232,000
C)$121,000
D)$45,000

Question

Quizplus · Accepted Answer

Total cost accounted for = Cost of ending work in process inventory + Cost of units transferred out
= $35,000 + $86,000 = $121,000

In January, One of the Processing Departments at Seidl Corporation