In July, one of the processing departments at Gulbranson Corporation had beginning work in process inventory of $14,000 and ending work in process inventory of $18,000. During the month, $165,000 of costs were added to production and the cost of units transferred out from the department was $161,000.
Required:
Construct a cost reconciliation report for the department for the month of July.

Question

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The Answer of In July, one of the processing departments at Gulbranson Corporation had beginning work in process inventory of $14,000 and ending work in process inventory of $18,000. During the month, $165,000 of costs were added to production and the cost of units transferred out from the department was $161,000.
Required:
Construct a cost reconciliation report for the department for the month of July.

In July, One of the Processing Departments at Gulbranson Corporation