(FIFO Supplement) The following information relates to the Cutting Department of Kittina Company for the month of February. Kittina uses a FIFO process costing system. All materials at Kittina are added at the beginning of the production process.
Number of units Percentage complete with respect to conversion
Work in process, February 1..... 18,000 10%
Units started into production..... 160,000
Work in process, February 28..... 7,000 40%
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.
40. What total amount of cost should be assigned to the units completed and transferred out during February?
A. $1,743,300
B. $1,812,600
C. $1,814,040
D. $1,922,040