In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $16,000 and ending work in process inventory of $21,000. During the month, the cost of units transferred out from the department was $151,000. In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be:

the total cost to be accounted for under the weighted-average method would be: $172,000

Explanation:

Hint : Total Cost of Inputs must equal Total Costs of Outputs

Total Cost To be Accounted for is calculated as follows:

Cost of Ending Work in process Inventory                         $21,000

Add Cost of units transferred out from the department   $151,000

Total Cost To be Accounted for                                        $172,000