Refer to the data in Problem 6.33.
In Problem 6.33
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 December:
a. Work in process, June 1, had 90,000 units (40 percent completed) and the following costs:
Direct materials ...................... $ 72,720
Direct labor ........................... 108,000
Overhead ............................... 36,000
b. During the month of June, 180,000 units were completed and transferred to the Assembly Department, and the following costs were added to production:
Direct materials ........................ $216,000
Direct labor .............................. 144,000
Overhead ................................. 162,000
c. 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 December using the FIFO method of costing.