In July, One of the Processing Departments at Gulbranson Corporation

question 31

Essay

In July, one of the processing departments at Gulbranson Corporation had beginning work in process inventory of $14,000 and ending work in process inventory of $18,000. During the month, $165,000 of costs were added to production and the cost of units transferred out from the department was $161,000.
Required:
Construct a cost reconciliation report for the department for the month of July.