In August, one of the processing departments at Tsuzuki Corporation had beginning work in process inventory of $25,500 and ending work in pr

In August, one of the processing departments at Tsuzuki Corporation had beginning work in process inventory of $25,500 and ending work in process inventory of $14,500. During the month, $298,000 of costs were added to production. In the department’s cost reconciliation report for August, the total cost to be accounted for would be:

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  1. Answer:

    $323,500

    Explanation:

    Data provided as per the question

    Beginning work in process inventory = $25,500

    Production during the month = $298,000

    The computation of total cost to be accounted is given below:-

    Total cost = Beginning work in process inventory + Production during the month

    = $25,500 + $298,000

    = $323,500

    Therefore, the computation of total cost we simply add beginning work in process inventory with production during the month.

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