Maria Am Corporation uses the weighted-average method of process costing. The Baking Department is one of the processing departments in its strudel manufacturing facility. In June in the Baking Department, the cost of beginning work in process inventory was $4,880, the cost of ending work in process inventory was $1,180, and the cost added to production was $25,300. Required: Prepare a cost reconciliation report for the Baking Department for June. Costs to be accounted for: Baking Department Cost Reconciliation Total cost to be accounted for Costs accounted for as follows: Total cost accounted for

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Maria Am Corporation uses the weighted-average method of process costing. The Baking Department is one of the processing
departments in its strudel manufacturing facility. In June in the Baking Department, the cost of beginning work in process
inventory was $4,880, the cost of ending work in process inventory was $1,180, and the cost added to production was $25,300.
Required:
Prepare a cost reconciliation report for the Baking Department for June.
Costs to be accounted for:
Baking Department
Cost Reconciliation
Total cost to be accounted for
Costs accounted for as follows:
Total cost accounted for
Transcribed Image Text:Maria Am Corporation uses the weighted-average method of process costing. The Baking Department is one of the processing departments in its strudel manufacturing facility. In June in the Baking Department, the cost of beginning work in process inventory was $4,880, the cost of ending work in process inventory was $1,180, and the cost added to production was $25,300. Required: Prepare a cost reconciliation report for the Baking Department for June. Costs to be accounted for: Baking Department Cost Reconciliation Total cost to be accounted for Costs accounted for as follows: Total cost accounted for
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