In June, one of the processing departments at Furbush Corporation had ending work in process inventory...

In June, one of the processing departments at Furbush Corporation had ending work in process inventory of $12,600. During the month, $410,000 of costs were added to production and the cost of units transferred out from the department was $432,000.

In the department’s cost reconciliation report for January, the cost of beginning work in process inventory for the department would be:

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Answer:

Particulars	Amount (in $ )
Cost of units transferred out	$ 432,000
Add: Ending work in process inventory	$ 12,600
Less: Cost added to production	($ 410,000)
Cost of Beginning work in process inventory	$ 34,600

ekkarill92 answered 1 year ago

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