In August, One of the Processing Departments at Khatak Corporation

question 217

Essay

In August, one of the processing departments at Khatak Corporation had beginning work in process inventory of $34,000 and ending work in process inventory of $30,000. During the month, the cost of units transferred out from the department was $374,000. Required: Construct a cost reconciliation report for the department for the month of August.

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