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Shenkel Corporation: Calculate the Total Costs of Inventory

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In September, one of the processing departments at Shenkel Corporation had beginning work in process inventory of $16,000 and ending work in process inventory of $29,000. During the month, the cost of units transferred out from the department was $312,000. In the department's cost reconciliation report for September, the total cost accounted for would be:

a. $328,000
b. $357,000
c. $341,000
d. $45,000

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Solution Summary

In September, one of the processing departments at Shenkel Corporation had beginning work in process inventory of $16,000 and ending work in process inventory of $29,000. During the month, the cost of units transferred out from the department was $312,000. In the department's cost reconciliation report for September, the total cost accounted for would be:

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