In July, one of the processing departments at Wrightsel Corporation had beginning work in process inventory of $28,000 and ending work in process inventory of $18,000. During the month, $228,000 of costs were added to production and the cost of units transferred out from the department was $238,000.
Required:
Construct a cost reconciliation report for the department for the month of July.
Cost Reconciliation Costs to be accounted for: $
Total cost to be accounted for $
Costs accounted for as follows: $
Total cost accounted for $