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Home Q & A Board Other Fields Homework Help Business Accounting
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fatsoulmh fatsoulmh
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A month ago
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.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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Ms T.Ms Thickie
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A month ago
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Beginning WIP balance + Cost added during the period = Cost transferred out during the period + Ending WIP balance.
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fatsoulmh Author
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A month ago
Thank you, thank you, thank you!
IvanaVR
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This calls for a celebration Person Raising Both Hands in Celebration
rhockeygirl
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2 hours ago
Thanks
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