In May, One of the Processing Departments at Patton Corporation

question 66

Essay

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.