In November, One of the Processing Departments at Goodsell Corporation

question 25

Multiple Choice

In November, one of the processing departments at Goodsell Corporation had beginning work in process inventory of $36,000 and ending work in process inventory of $35,000. During the month, $427,000 of costs were added to production and the cost of units transferred out from the department was $428,000. The company uses the FIFO method in its process costing system. In the department's cost reconciliation report for November, the total cost to be accounted for would be:

• A)$890,000
• B)$71,000
• C)$463,000
• D)$926,000

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Definitions:

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