In May, one of the processing departments at Messerli Corporation had beginning work in process...
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Accounting
In May, one of the processing departments at Messerli Corporation had beginning work in process inventory of $27,000 and ending work in process inventory of $48,000. During the month, $161,000 of costs were added to production and the cost of units transferred out from the department was $140,000. The company uses the FIFO method in its process costing system. In the department's cost reconciliation report for May, the total cost to be accounted for would be:
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