Product Cost ReportFIFO Method Gomez Manufacturing Corporation produces a dandruff shampoo in three consecutive processes. The costs of Department 1 for June were as follows:

Cost of beginning inventory	$27,360
Costs added in Department 1
Direct material	$329,505
Direct labor	541,950
Manufacturing overhead	234,600	1,106,055

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.

Prepare the product cost report for Department 1 for June.

Round average cost per equivalent unit to four decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number.

\begin{tabular}{|c|c|c|c|c|c|} \hline & \multicolumn{3}{|c|}{GomezManufacturingCorporation,Department1FlowofUnitsandEquivalentUnitsCalculation,June} & it1UneUnits & valentUnitsCalculation,JuneEquivalentUnits \\ \hline & & %inJune & DirectMaterials & %inJune & ConversionCosts \\ \hline Complete/Transferred & & & & & \\ \hline Beginning Inventory & 0 & 0% & 0 & 0% & 0 \\ \hline Started and completed & 0 & 0% & 0 & 0% & 0 \\ \hline Ending inventory & 0 & 0% & 0 & 0% & 0 \\ \hline Total & 0 & & 0 & & 0 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline & Ict & \multicolumn{3}{|c|}{DirectMaterials} & \multicolumn{2}{|c|}{ConversionCosts} \\ \hline Beginning Inventory & $ & 0 & $ & 0 & $ & 0 \\ \hline Current & & 0 & & 0 & & 0 \\ \hline Total Costs to Account For & $ & 0 & $ & 0 & $ & 0 \\ \hline \multicolumn{3}{|l|}{ Total Equivalent Units } & & 0 & & 0 \\ \hline \multicolumn{3}{|c|}{ Average cost / Equivalent unit (round four decimal places) } & $ & 0 & $ & 0 \\ \hline \multicolumn{7}{|l|}{ Beginning inventory } \\ \hline Costs incurred in April & $ & 0 & & & & \\ \hline Costs incurred in May & & 0 & & & & \\ \hline Started and finished & & 0 & & & & \\ \hline Cost of goods manufactured & $ & 0 & & & & \\ \hline \multicolumn{7}{|l|}{ Ending inventory: } \\ \hline Direct Materials & $ & 0 & & & & \\ \hline Conversion costs & & 0 & & & & \\ \hline Cost of Ending Inventory & $ & 0 & & & & \\ \hline Total Costs Allocated & $ & 0 & & & & \\ \hline \end{tabular}