Question

In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $29,000 and ending work in process inventory of $35,000. During the month, $252,000 of costs were added to production and the cost of units transferred out from the department was $246,000. In the department's cost reconciliation report for April, the total cost to be accounted for under the weighted-average method would be:

Answer 1

Answer:

$281,000

Explanation:

According to the scenario, computation of the given data are as follow:-

Total Cost Under the Weighted Average Method = Cost of Unit Transferred Out from the Department + Ending Work in Process Inventory

= $246,000 + $35,000

= $281,000

According to the analysis, In April the total cost to be accounted under the weighted-average method is $281,000.