The following information relates to the Cutting Department of Kittina Corporation 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. UnitsPercent Complete Conversion costsWork in process, February 118,00010%Units started into production160,000 Work in process, February 287,00040% 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 completed and transferred out during February?
A. $1,743,300
B. $1,922,040
C. $1,812,600
D. $1,814,040
Answer: B
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