Dengo Co$.$ manufactures a single product in one department. Direct labor and overhead

are added evenly throughout the process, while direct materials are added at the

beginning of the process. The company uses the FIFO method of process costing.

During October, the company completed and transferred $23,400$ units to finished goods

inventory. Of the units completed, $3,600$ were from beginning inventory and the

remaining $19,800$ were started and completed during the month. Beginning goods in

process were $100\%$ complete with respect to direct materials and $40\%$ complete with

respect to direct labor and overhead. The company has $3,000$ units $100\%$ complete with

respect to direct materials and $80\%$ complete with respect to direct labor and overhead$)$

in process at month$-$end. Information on costs of beginning inventory and costs added

during the month follows. Required:

Prepare the company's process cost summary for October using the FIFO method. $($Round "Cost per EUP" to $2$ decimal places.$)$ Eauivalent units of production $($EUP$)-$ FIFO method

Assessment Tool iFrame

$\backslash$table$[[,$Units,$\%$ Materials,EUP$-$ Materials,$\%$ Labor,EUP$-$ Labor$],[,,,,,]]\backslash$table$[[$Total costs accounted for:$],[$Assessment Tool iFrame sst:$],[$Cost to complete beginning inventory,EUP,Cost per EUP,Total cost,,,$],[$Direct materials$],[$Direct labor$],[$Factory overhead$],[$Total cost of units in beginning inventory$],[$Cost of units started and completed,EUP,Cost per EUP,Total cost,,,$],[$Direct materials,,,$$,,,],[$Direct labor,,$0\mathrm{.}00,,,,],[$Factory overhead,,$0\mathrm{.}00,,,,],[$Total cost of units started and completed$],[$Costs of ending goods in process,EUP,Cost per EUP,Total cost,,,$],[$Direct materials,,$0\mathrm{.}00,0,,,],[$Direct labor,,$0\mathrm{.}00,0,,,],[$Factory overhead,,$0\mathrm{.}00,0,,,],[$Total cost of ending goods in process$],[$Total costs accounted for,,,,,,$]]$