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 120,000 units made up of the following:

Amount

Degree of Completion

Prior department costs transferred in from the Molding Department

$

178,800

100

%

Costs added by the Assembling Department

Direct materials

$

100,800

100

%

Direct labor

53,920

70

%

Manufacturing overhead

32,520

50

%

$

187,240

Work in process, September 1

$

366,040

During September, 520,000 units were transferred in from the Molding Department at a cost of $774,800. The Assembling Department added the following costs:

Direct materials

$

418,320

Direct labor

256,000

Manufacturing overhead

161,880

Total costs added

$

836,200

Assembling finished 420,000 units and transferred them to the Finishing Department.

At September 30, 220,000 units were still in work-in-process inventory. The degree of completion of work-in-process inventory at September 30 was as follows:

Direct materials90%

Direct labor80

Manufacturing overhead30

Required:

(a)

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

DOUGLAS TOYS
Assembling Department
Production Cost ReportFIFO
Flow of Production Units	COMPUTE EQUIVALENT UNITS
	Physical Units	Prior Department Costs	Materials	Labor	Manufacturing Overhead
Units to be accounted for:
Beginning WIP inventory
Units started this period
Total units to be accounted for	0
Units accounted for:
Units completed and transferred out:
From beginning inventory
Started and completed currently
Units in ending WIP inventory
Total units accounted for	0	0	0	0	0

Costs		DETAILS
	Total Costs	Prior Department Costs	Materials	Labor	Manufacturing Overhead
Costs to be accounted for:
Costs in beginning WIP inventory
Current period costs
Total costs to be accounted	$0	$0	$0	$0	$0
Cost per equivalent unit:
Prior department costs
Materials
Labor
Manufacturing overhead

	DETAILS
	Total Costs	Prior Department Costs	Materials	Labor	Manufacturing Overhead
Costs accounted for:
Costs assigned to units transferred out:
Costs from beginning WIP inventory
Current costs added to complete beginning WIP inventory:
Prior department costs
Materials
Labor
Manufacturing overhead
Total costs from beginning inventory	$0
Current costs of units started and completed:
Prior department costs
Materials
Labor
Manufacturing overhead
Total costs of units started and completed	$0
Total costs of units transferred out	$0
Costs assigned to ending WIP inventory:
Prior department costs
Materials
Labor
Manufacturing overhead
Total ending WIP inventory	$0
Total costs accounted for	$0	$0	$0	$0	$0