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 total cost to be accounted for would be:
A) $361,000
B) $189,000
C) $28,000
D) $378,000
Correct Answer:
Verified
Correct Answer:
Verified
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