The Cutting Department is the first stage of Mark Company’s production cycle. Conversion costs for this department were 80% complete as to the beginning work-in-process inventory and 50% complete as to the ending work-in-process inventory. Information as to conversion costs in the Cutting Department for January 19X1 is as follows: mko74

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Work-in-process inventory at January 1, 19X1 Units started and costs incurred during January Units completed and transferred to next department during January Units Conversion costs 25,000 $ 22,000 135,000 $143,000 100,000 Using the fifo method, what was the conversion cost of the work-in-process inventory in the Cutting Department at January 31, 19X1? a $33.000 b $38.100 C $39.000 d $45.000