In December, one of the processing departments at Stiel Corporation had ending work in process inventory of $38,000. During the month, $119,000 of costs were added to production and the cost of units transferred out from the department was $92,000.
-In the department's cost reconciliation report for December, the total cost accounted for would be:
A) $249,000
B) $130,000
C) $49,000
D) $260,000

Question

Quizplus · Accepted Answer

The total cost accounted for is the sum of the cost of units transferred out and the ending work in process inventory: $92,000 + $38,000 = $130,000.

In December, One of the Processing Departments at Stiel Corporation