In January, One of the Processing Departments at Sessum Corporation

Multiple Choice

In January, one of the processing departments at Sessum Corporation had beginning work in process inventory of $17,000. During the month, $172,000 of costs were added to production and the cost of units transferred out from the department was $178,000. The company uses the FIFO method in its process costing system.
-In the department's cost reconciliation report for January, the cost of ending work in process inventory would be:

A) $17,000
B) $5,000
C) $11,000
D) $23,000