In June, one of the processing departments at Football Corporation had beginning work in process inventory of $13,900. During the month, $445,000 of costs were added to production and the cost of units completed and transferred out from the department was $423,000. In the department’s cost reconciliation report for January, the cost of beginning work in process inventory for the department would be: a. $423,900b. $401,900c. $8,900d. $35,100

the cost of beginning work in process inventory for January = $35,900

Explanation:

first of all, let us lay out the relevant information to help our calculation

Beginning work-in-process inventory for June = $13,900

additional costs = $445,000

Completed and transferred cost = $423,000

Next, let us calculate the beginning inventory for January the next year, which is also the ending inventory for the current year, and this is calculated as follows:

Ending work in process inventory = Beginning work in process inventory + additional cost - completed units

= 13,900 + 445,000 - 423,000 = $35,900

it should be

a.