Product Cost Report-FIFO Method Gomer Manufacturing Corporation produces a dandruff shampoo in three consecutive processes. The costs of Department for June 2016 were as follows Cost of being inventory 33640 Contacted in Department Director 54140 Direct labor 722.600 Manufacturing overhead 312.300 1,474760 Department 1 handled the following units during June Units in process. June 1 2.000 Units started in Department 5.000 Units transferred to Department 2 65.000 Un processes 1000 complete Materials are added at the beginning of the process and conversion cost occur evenly throughout the process in On average the une units were complete. The June 30 units were Department 1. Gomet uses the FIFO method for process costing Prepare the product cost report for Department for une Round average cost per equivalent unit to four decimal placesUse rounded answers for subsequent calculations found other answers to the nearest whole number God Manufacturing Corporation, Department Conversion Costs Gomez Manufacturing Corporation, Department 1 Flow of Units and Equivalent Units Calculation, June 2016 Equivalent Units % in Direct % in June Materials June Complete/Transferred Beginning Inventory Started and completed Ending inventory Total Conversion Costs Product Cost Report Direct Materials Beginning Inventory Current Total Costs to Account For + Total Equivalent Units Average cost / Equivalent unit (round four decimal places) 3 Beginning inventory Costs incurred in Dec. Costs incurred in Jan. Started and finished Cost of goods manufactured Ending inventory: Direct Materials Conversion costs Cost of Ending Inventory Total Costs Allocated