In july, one of the processing departments at okamura corporation had beginning work in process inventory of $22,000 and ending work in process inventory of $27,000. during the month, the cost of units transferred out from the department was $157,000. in the department's cost reconciliation report for july, the total cost to be accounted for under the weighted-average method would be:

The total cost to be accounted for under the weighted-average method would be $184,000

Explanation:

Given information ,

Beginning work in process inventory = $22,000

Ending work in process inventory = $27,000.

The cost of units transferred out from the department =  $157,000

Under weighted average method, the beginning Work in process inventory is not considered. So, the total cost would be displayed below.

Total cost = The cost of units transferred out from the department + Ending work in process inventory

= $157,000 + $27,000

= $184,000

Thus, the total cost to be accounted for under the weighted-average method would be $184,000

B) The income statement should be prepared before the balance sheet.

My reason for saying this is that when calculating the working capital on the balance sheet, we are going to have to add the net income/profit from the income statement. Hence I think the income statement must be prepared before the balance sheet.