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Douglas Toys is a manufacturer that uses FIFO costing method to account for costs of production. It produces a plastic toy in three separate departments:

Douglas Toys is a manufacturer that uses FIFO costing method to account for costs of production. It produces a plastic toy in three separate departments: Molding, Assembling, and Finishing. The following information was obtained for the Assembling Department for the month of September.

Work in process on September 1 had 104,000 units made up of the following:

Amount Degree of Completion
Prior department costs transferred in from the Molding Department $ 138,320 100 %
Costs added by the Assembling Department
Direct materials $ 88,400 100 %
Direct labor 31,528 60 %
Manufacturing overhead 21,264 50 %
$ 141,192
Work in process, September 1 $ 279,512

During September, 504,000 units were transferred in from the Molding Department at a cost of $670,320. The Assembling Department added the following costs:

Direct materials $ 393,720
Direct labor 159,852
Manufacturing overhead 95,036
Total costs added $ 648,608

Assembling finished 404,000 units and transferred them to the Finishing Department.

At September 30, 204,000 units were still in work-in-process inventory. The degree of completion of work-in-process inventory at September 30 was as follows:

Direct materials 80 %
Direct labor 70
Manufacturing overhead 30

Required:
(a) Prepare a production cost report using FIFO. (Round your answer to 2 decimal places.)

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