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Pharoah Mortgage Company uses a process costing system to accumulate costs in its loan application...

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Accounting

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 1
Started into production
Total costs to be accounted for
Costs accounted for
Completed and transferred out
Work in process inventory, September 30
Materials
Conversion costs
Total costs accounted for
$
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