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Maria Am Corporation uses the weighted-average method in its process costing system. The Baking Department is one of the processing departments in its strudel manufacturing facility. In June in the Baking Department, the cost of beginning work in process inventory was $4,860, the cost of ending work in process inventory was $1,150, and the cost added to production was $25,800. Required: Prepare a cost reconciliation report for the Baking Department for June.

Sagot :

ayokenny2001

Answer:

See below

Explanation:

Cost to be accounted for :

Beginning work in process inventory

$4,860

Add:

Cost added to production during the period

$25,800

Total cost accounted for

$30,660

Costs accounted for are as follow

Ending cost of work in process inventory

$1,150

Unit cost competed and transferred out

($4,860 + $25,800 - $1,150)

$29,510

Total cost accounted for

$30,660

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