Question

In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $23,000 and ending work in process inventory of $28,000. During the month, the cost of units transferred out from the department was $158,000. 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

$186,000

Step-by-step explanation:

Costs to be accounted for as follows:

Cost of ending work in process inventory $ 28,000

Add Cost of units transferred out $158,000

Total cost accounted for $186,000

Therefore the total cost to be accounted for under the weighted-average method would be: $186,000