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FIFO Method, Single Department Analysis, One Cost Category Hatch Company produces a product that passes through three processes: Fabrication, Assem uniformly for all processes. The

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FIFO Method, Single Department Analysis, One Cost Category Hatch Company produces a product that passes through three processes: Fabrication, Assem uniformly for all processes. The following information was obtained for the Fabrication Department for June a. Work in process, June 1, had 90,000 units (40 percent completed) and the following costs and Finishing. All manufacturing costs are adderd Direct materials Direct labor Overheacd $72,720 107,000 36,000 b. During the month of June, 190,000 units were completedland transferred to the Assembly Department, and the following costs were added to production: $226,000 144,000 162,000 Direct materials ) Direct labor Overhead c. 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 Previous Check My Work Email Instructor Save and Exit Submit Assignment for Grading Hatch Company Fabrication Department Production Report for June Units to account for: Total units to account for Units accounted for: PhysicalEquivalent Flow Units Total units accounted for Costs to account for: Costs Previous Check My Work ems Submit Assignment for G Email Instructor Save and Exit 0.0% 06.02. ALGO Total units accounted for 6.31 ALGO 06.32.ALGO 06.33 ALGO 06.34 ALGO Costs to account for: Costs Total costs to account for Cost per equivalent unit Costs accounted for: ) Units transferred out: Units, beginning work in process: Prior-period costs Current costs to finish units Units started and completed Total cost transferred out Units, ending work in process Total costs accounted for Check My Work Progress: 5/5 items Email Instructor Save and Exit Submit Assi ssignment Score: 0.0%

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