(Appendix) Cost of Production Report; Second Department; Fifo Costing. Kandu Tool Company manufac¬ tures a product in two departments, Cutting and Assembly. The product is cut out of sheet metal, bent to shape, and painted in the Cutting Department. Then, it is transferred to the Assembly Department where com¬ ponent parts purchased from outside vendors are added to the unit. A process cost system with a fifo cost flow assumption is used to account for work in process inventories. Data related to November operations in the Assembly Department are: LO3 Units in beginning inventory (50% materials, 40% labor and overhead)

Units received from the Cutting Department this period.

Units transferred to Finished Goods Inventory this period.

Units in ending inventory (90% materials, 80% labor and overhead).

Costs charged to the department:

Costs from the preceding department Materials.

Directlabor.

Factoryoverhead.

1,200 2,800 3,000 1,000 Beginning Added Inventory This Period

$17,280

$40,600 5,550 30,690 2,400 16,932 3,600 25,398 Required: Prepare a November cost of production report on a fifo basis for the Assembly Department.