I really need help with the following problem:

Gomez Manufacturing Corp. produces a dandruff shampoo in three consecutive processes. The costs of Department 1 for June 2016 were as follows:

Cost of beginning Inventory....... $18,240

Costs added in Department 1.........

Direct Material ........ $219,670

Direct Labor ......... $361,300

Manufacturing OH .......... $156,400 737,370

Department 1 handled the following units during June:

Units in process, June 1......................... 2,000

Units started in Department 1.................45,000

Units transferred to Department 2..........46,000

Units in process, June 30........................1,000

On average, the June 1 units were 40% complete. The June 30 units were 70% complete. Materials are added at the beginning of the process and conversion costs occur evenly throughout the process in Department 1. Gomez uses the FIFO method for process costing.

REQUIRED

PREPARE THE PRODUCT COST REPORT FOR DEPARTMENT 1 FOR JUNE.