Question

In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $24,000 and ending work in process inventory of $29,000. During the month, the cost of units transferred out from the department was $159,000. In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be:

Answer 1

Answer: $188000

Step-by-step explanation:

Based on the information given in the question, the total cost to be accounted for under the weighted-average method would be calculated thus:

Cost of ending work in process inventory = $29,000

Add: Cost of units transferred out = $159,000

Therefore, the total cost to be accounted for will be;

= $29000 + $159000

= $188000