Asked by Daynellie Kendall on Jul 06, 2024

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In the department's cost reconciliation report for February, the costs added to production in the department would be:

A) $243,000
B) $255,000
C) $225,000
D) $231,000

Cost Reconciliation Report

A detailed report that reconciles and explains the differences between the expected costs and the actual costs incurred.

Costs Added

Additional expenses incurred during a manufacturing or production process or in the course of undertaking a project.

Production

The process of creating goods or services by combining labor, materials, and machinery to meet consumer demand or business requirements.

  • Develop proficiency in reading and interpreting process costing data.
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Verified Answer

DC
DANTE CUEVASJul 11, 2024
Final Answer :
A
Explanation :
Beginning work in process inventory + Costs added to production during the month = Cost of units transferred out + Ending work in process inventory
$24,000 + Costs added to production during the month = $249,000 + $18,000
Costs added to production during the month = $249,000 + $18,000 - $24,000 = $243,000