Pharoah Mortgage Company uses a process costing system to accumulate costs in its loan application...
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Pharoah Mortgage Company uses a process costing system to accumulate costs in its loan application department. When an application is completed, it is forwarded to the loan department for final processing. The following processing and cost data pertain to September: Materials are the forms used in the application process, and these costs are incurred at the beginning of the process. Conversion costs are incurred uniformly during the process. Cost Reconciliation Schedule Costs to be accounted for Work in process inventory, September Started into production Total costs to be accounted for Costs accounted for Completed and transferred out Work in process inventory, September Materials Conversion costs Total costs accounted for $ 
Pharoah Mortgage Company uses a process costing system to accumulate costs in its loan application department. When an application is completed, it is forwarded to the loan department for final processing. The following
processing and cost data pertain to September:
Materials are the forms used in the application process, and these costs are incurred at the beginning of the process. Conversion costs are incurred uniformly during the process. Cost Reconciliation Schedule
Costs to be accounted for
Work in process inventory, September
Started into production
Total costs to be accounted for
Costs accounted for
Completed and transferred out
Work in process inventory, September
Materials
Conversion costs
Total costs accounted for
$
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