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

In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $27,000 and ending work in process inventory of $33,000. During the month, $250,000 of costs were added to production and the cost of units transferred out from the department was $244,000. In the department's cost reconciliation report for April, the total cost to be accounted for under the weighted-average method would be:

Expert Solution

Total Cost to be accounted for
Beginning Work In Progress:	$ 27,000.00
Cost incurred during period:	$ 250,000.00
Total Cost to be accounted for	$ 277,000.00

.

In weighted average method cost of beginning Inventory is merged with current period’s cost.

Total cost to be accounted for will be beginning inventory WIP cost and cost added during the month/period.

ekkarill92 answered 2 years ago

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

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