Multiple Choice
In July, one of the processing departments at Keen Corporation had beginning work in process inventory of $19,000 and ending work in process inventory of $18,000. During the month, the cost of units transferred out from the department was $216,000. The company uses the FIFO method in its process costing system.
-In the department's cost reconciliation report for July, the total cost accounted for would be:
A) $37,000
B) $449,000
C) $234,000
D) $468,000
Correct Answer:
Verified
Correct Answer:
Verified
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