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Author Question: When using a process costing system, the formula for reconciling the costs of production is (Read 66 times)

stananza

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on: Feb 5, 2023
When using a process costing system, the formula for reconciling the costs of production is
◦ Beginning WIP balance + Cost transferred-out - Ending inventory = Total costs to accounted for.
◦ Cost added during the period - Beginning WIP balance = Cost transferred out during the period + Ending WIP balance.
◦ Beginning WIP balance + Costs transferred out during the period + Ending WIP = Total costs accounted for.
◦ Beginning WIP balance + Cost added during the period = Cost transferred out during the period + Ending WIP balance.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by stananza on Feb 5, 2023

jbsuccess1

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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stananza

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

sailorcrescent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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