EXERCISE 4A–4 Cost Reconciliation Report—FIFO Method [LO9]
Kippinger Baking Corporation uses a process costing system in its large-scale baking operations. The Mixing Department is one of the company’s processing departments. In the Mixing Depart- ment in August, the cost of beginning work in process inventory was $4,230, the cost of ending work in process inventory was $3,870, and the cost added to production was $46,320.
Prepare a cost reconciliation report for the Mixing Department for August.