Multiple Choice
In October,one of the processing departments at Schones Corporation had beginning work in process inventory of $26,000 and ending work in process inventory of $17,000.During the month,$279,000 of costs were added to production and the cost of units transferred out from the department was $288,000.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) $584,000
B) $43,000
C) $610,000
D) $305,000
Correct Answer:
Verified
Correct Answer:
Verified
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