Understanding FIFO inventory process costing information The Welding process center of Kolb Inc. uses the FIFO inventory method. Units are transferred from Welding to Assembly. The production cost data for Welding are as follows:

Beginning work in process is 8,000 units with all materials and 75 percent conversion. Beginning inventory costs include $48,800 for preceding department costs, $11,200 for materials, $12,900 for labor, and $8,100 for overhead. During the month 40,000 units are transferred into the process center, consisting of preceding department costs of $248,000, material costs of $60,000, direct labor costs of $78,000, and applied overhead costs of $50,700. Ending work in process for March is 4,000 units with all material and 25 percent conversion.

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REQUIRED a. Prepare the March cost of production report for Welding. b. Determine the amount of current period manufacturing cost incurred in Welding during March. c. Compute the unit cost for current period preceding department costs that will appear in the March cost of production report for the Assembly Department.