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

In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $13,000 and ending work in process inventory of $18,000. During the month, the cost of units transferred out from the department was $148,000. In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be: Multiple Choice $31,000 $119,000 $132,000 $166,000

Expert Solution

Cost to be accounted as follows:

Cost of ending work in process inventory $ 18,000

Add:Cost of units transferred out $1,48,000

Total cost accounted for $1,66,000

Therefore the answer for the multiple choice is $ 1,66,000

ekkarill92 answered 2 years ago

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

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