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In December, One of the Processing Departments at Moshier Corporation

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Essay

In December, one of the processing departments at Moshier Corporation had ending work in process inventory of $24,000. During the month, $293,000 of costs were added to production and the cost of units transferred out from the department was $297,000. The company uses the FIFO method in its process costing system.
Required:
Construct a cost reconciliation report for the department for the month of December.


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