9. FIFO Method, Single Department Analysis, One Cost Category

Hatch Company produces a product that passes through three processes: Fabrication, Assembly, and Finishing. All manufacturing costs are added uniformly for all processes. The following information was obtained for the Fabrication Department for June:

1. Work in process, June 1, had 90,000 units (40 percent completed) and the following costs:

Direct materials	$72,740
Direct labor	107,000
Overhead	36,000

2. During the month of June, 190,000 units were completed and transferred to the Assembly Department, and the following costs were added to production:

Direct materials	$226,000
Direct labor	144,000
Overhead	162,000

3. On June 30, there were 45,000 partially completed units in process. These units were 80 percent complete.

Required:

Prepare a cost of production report for the Fabrication Department for June using the FIFO method of costing. Round the cost per equivalent unit to the nearest cent.

Hatch Company Fabrication Department Production Report for June Unit Information Units to account for: Total units to account for Units accounted for: Physical Flow Equivalent Units Total units accounted for Cost Information Costs to account for: Manufacturing Costs Total costs to account for Cost per equivalent unit costs accounted for: Units transferred out Units, beginning work in process: Prior-perlod costs Current costs to finish units Units started and completed Total cost transferred out Units, ending work in process Total costs accounted for