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In July, one of the processing departments at Junkin Corporation had beginning work in process...

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Accounting

In July, one of the processing departments at Junkin Corporation had beginning work in process inventory of $19,000 and ending work in process inventory of $21,000. During the month, $195,000 of costs were added to production and the cost of units transferred out from the department was $193,000.

Required:

Construct a cost reconciliation report for the department for the month of July.

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