In June, One of the Processing Departments at Furbush Corporation

Multiple Choice

In June, one of the processing departments at Furbush Corporation had ending work in process inventory of $12,000. During the month, $404,000 of costs were added to production and the cost of units transferred out from the department was $426,000.In the department's cost reconciliation report for January, the cost of beginning work in process inventory for the department would be:

A) $34,000
B) $414,000
C) $10,000
D) $392,000