In May, one of the processing departments at Stitzel Corporation had beginning work in process inventory...

In May, one of the processing departments at Stitzel Corporation had beginning work in process inventory of $37,000 and ending work in process inventory of $13,000. During the month, the cost of units transferred out from the department was $490,000. In the department's cost reconciliation report for May, the total cost to be accounted for under the weighted-average method would be:

$527,000

$50,000

$503,000

$540,000

Expert Solution

total cost to be accounted for as follows

ending work in process inventory = $13000

cost of units transferred out = $490000

total cost = $503000

so answer is $503000

beginning work in process inventory of $37000 has already made by previous year calculation so this year ending work in process inventory and units transferred out are only the cost of this year

ekkarill92 answered 2 years ago

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In May, one of the processing departments at Stitzel Corporation had beginning work in process inventory...

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