Question

In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $26,000 and ending work in process inventory of $31,000. During the month, the cost of units transferred out from the department was $161,000. 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

$192,000

Step-by-step explanation:

Using the weighted-average method the Costs to be accounted for will be:

Cost of ending work in process inventory$31,000

Add Cost of units transferred out $161,000

Total cost accounted for$192,000

Therefore using the Weighted average method the cost to be accounted for will be $192,000