1. Calculation of the FIFO equivalent units of production for the direct materials and the conversion costs.
2. Calculation of the FIFO costs per equivalent units of production for the direct materials and the conversion costs.
3. Allocation of the direct materials costs and the conversion costs to the department output.

Ortega Restorative Oils Corp.
Formulation Department Basic Production Data
For the Month Ending March 31, 2023
Liters in Work In-Process at March 1	350,000
% Complete as to Materials	80%
% Complete as to Conversion Costs	20%
Cost of Work In-Process at March 1:
Materials	$ 2,240,000
Conversion Costs	$ 322,000
Liters Entered into Production during March	1,400,000
Costs Extended into Production during March:
Materials	$ 10,481,100
Conversion Costs	$ 7,808,500
Liters in Work In-Process at March 31	280,000
% Complete as to Materials	65%
% Complete as to Conversion Costs	40%

Prepare a departmental cost report using the FIFO method for the Formulation Department for March 2023. The cost report must include three parts:

1.