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:

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 35,000

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 $223,000 | Direct labor 144,000 | Overhead 165,000

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: Units, beginning work in process 90,000 Units started 145,000 Total units to account for 235,000 Units accounted for: Physical Flow Equivalent Units Started and completed 90,000 90,000 x From beginning work in process 90,000 54,000 Units, ending work in process 45,000 36,000 Total units accounted for 225,000 180,000 X Cost Information Costs to account for: Manufacturing Costs Costs, beginning work in process $ 214,720 X Costs added by department 504,000 X Total costs to account for $ 718,720 $ 2.8 Cost per equivalent unit Costs accounted for: Units transferred out: Units, beginning work in process: Prior-period costs 214,720 X Current costs to finish units 151,200 Units started and completed 252,000 X Total cost transferred out $ 617,920 X Units, ending work in process 100,800 Total costs accounted for 718,720