Multiple Choice
In October, one of the processing departments at Ridling Corporation had ending work in process inventory of $39,000. During the month, $252,000 of costs were added to production and the cost of units transferred out from the department was $235,000. The company uses the FIFO method in its process costing system. In the department's cost reconciliation report for October, the total cost to be accounted for would be:
A) $526,000
B) $61,000
C) $548,000
D) $274,000
Correct Answer:
Verified
Correct Answer:
Verified
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