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 in work in process on February 28?
A. $53,200
B. $29,680
C. $42,700
D. $44,520
Answer: C
You might also like to view...
Concomitant ________ occurs when the presumed cause and presumed effect are both present and both vary in a manner predicted by the researcher's hypothesis
A) variation B) probability C) reliability D) validity E) measurement
Addams, Inc., is preparing its master budget for the second quarter. The following sales and production data have been forecasted:?AprilMayJuneJulyAugustUnit sales ……400500520480540Finished goods inventory on March 31: 120 unitsRaw materials inventory on March 31: 450 poundsDesired ending inventory each month:Finished goods: 30% of next month's salesRaw materials: 25% of next month's production needsNumber of pounds of raw material required per finished unit: 4 lbs.How many pounds of raw materials should be purchased in April?
What will be an ideal response?
If there are 175 units demanded at destination 6, state the constraint for destination 6
What will be an ideal response?
Being a little pessimistic will often help job performance when
A) worrying about negative outcomes is irrelevant. B) positive interactions with work associates is essential. C) prevention of problems is an asset. D) being outgoing with people is a major part of the job.