In October, One of the Processing Departments at Gascon Corporation

question 36

Essay

In October, one of the processing departments at Gascon Corporation had beginning work in process inventory of $10,000 and ending work in process inventory of $16,000. During the month, $100,000 of costs were added to production and the cost of units transferred out from the department was $94,000.The company uses the FIFO method in its process costing system.
Required:
Construct a cost reconciliation report for the department for the month of October.

---

Definitions:

Higher Income

Refers to a comparatively greater level of earnings or revenue, typically above the average for a certain geography or population.

Growth Hormones

Naturally occurring substances in the body that stimulate growth, cell reproduction, and cell regeneration.

Ableism

Is prejudice and discrimination against people who have disabilities.

Ableism

Discrimination or social prejudice against people with disabilities.