In February, One of the Processing Departments at Grosz Corporation

question 28

Multiple Choice

In February, one of the processing departments at Grosz Corporation had beginning work in process inventory of $18,000 and ending work in process inventory of $11,000. During the month, the cost of units transferred out from the department was $204,000. The company uses the FIFO method in its process costing system.
-In the department's cost reconciliation report for February,the total cost accounted for would be:

• A)$29,000
• B)$412,000
• C)$215,000
• D)$430,000

---

Definitions:

Soviet Control

The political, military, and economic domination by the Soviet Union over various countries, particularly in Eastern Europe, during the Cold War.

Suez Crisis

The Suez Crisis was a diplomatic and military confrontation in late 1956 involving Egypt, Israel, France, and the United Kingdom, centered around the control of the Suez Canal, a key waterway for international trade.

Arab World

A region in North Africa and the Middle East, encompassing 22 countries where Arabic is a dominant language.

Anti-American Prejudice

A bias or dislike against the United States, its policies, or its people.