Transferred-in costs, FIFO-costing method (continuation of 17-38). Refer to the infor- mation in Problem 17-38. Suppose that Larsen Corp. uses the FIFO method instead of the weighted-average method in all of its departments. The only changes to Problem 17-38 under the FIFO method are that total transferred-in costs of beginning work in process on October 1 are $2,881,875 (instead of $2,932,500) and that total transferred-in costs added during October are $7,735,250 (instead of $7,717,500). REQUIRED Using the FIFO process-costing method, address the requirements of Problem 17-38.

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