what would be the total cost, accounting homework help

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gznegva

Business Finance

Description

In November, one of the processing departments at Goodsell Corporation had beginning work in process inventory of $36,000 and ending work in process inventory of $35,000. During the month, $427,000 of costs was added to production and the cost of units transferred out from the department was $428,000. The company uses the FIFO method in its process costing system. In the department's cost reconciliation report for November, what would be the total cost to be accounted for?

A. $463,000

B. $71,000

C. $890,000

D. $926,000


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Explanation & Answer

Costs to be accounted for are as follows:cost of beginning work ...


Anonymous
Awesome! Perfect study aid.

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