Problem 6-65 (Appendix 6A) First-In, First-Out Method; Single-Department Analysis;

One Cost Category Refer to the information for Millie Company.

Millie Company produces a product that passes through an assembly process and a finishing process. All manufacturing costs are added uniformly for both processes. The following information was obtained for the assembly department for June:

a. WIP, June 1, had 24,000 units (60% completed) and the following costs:
Direct materials $186,256 Direct labor 64,864 Overhead applied 34,400

b. During June, 70,000 units were completed and transferred to the Finishing department, and the following costs were added to production:
Direct materials $267,880 Direct labor 253,000 Overhead applied 117,600

c. On June 30, there were 10,000 partially completed units in process. These units were 70% complete.

Required:
Prepare a production report for the Assembly department for June using the FIFO method of costing. The report should disclose the physical flow of units, equivalent units, and unit costs and should track the disposition of manufacturing costs. (Note: Carry the unit cost computation to four decimal places.)