In December, One of the Processing Departments at Rumsey Corporation

question 82

Multiple Choice

In December, one of the processing departments at Rumsey Corporation had ending work in process inventory of $21,000. During the month, $110,000 of costs were added to production and the cost of units transferred out from the department was $99,000. In the department's cost reconciliation report for January, the cost of beginning work in process inventory for the department would be:

• A)$32,000
• B)$78,000
• C)$89,000
• D)$10,000