The Following Information Relates to the Cutting Department of Kittina

question 262

Multiple Choice

The following information relates to the Cutting Department of Kittina Corporation for the month of February. Kittina uses a first-in, first-out process costing system. All materials at Kittina are added at the beginning of the production process. On February 1, the work in process inventory account contained $55,620 of material cost and $123,120 of conversion cost. Cost per equivalent unit for February was $3.10 for materials and $7.50 for conversion costs.What total amount of cost should be assigned to the units in work in process on February 28?

• A) $29,680
• B) $42,700
• C) $44,520
• D) $53,200

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Definitions:

Growing Season

The period of the year during which climatic conditions are favorable for plants to grow, varying by geographic location and specific climate.

Idaho

A state in the United States known for its vast landscapes, potato production, and outdoor recreational opportunities.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period.

Quantity Demanded

The specific amount of a good or service that consumers are willing to purchase at a given price over a specific period of time.