FIFO Method Jenice Company uses FIFO process costing to account for the costs of its singl...

FIFO Method Jenice Company uses FIFO process costing to account for the costs of its single product. Production begins in the fabrication department, where units of direct materials are molded into various connecting parts. After fabrication is complete, the units are transferred to the assembly department, which adds no material. After assembly is complete, the units are transferred to the packaging department, which packages units for shipment. After the units have been packaged, the final products are transferred to the shipping department. A partially completed production cost report for the month of May in the fabrication department follows:

The cost incurred in the fabrication department’s work-in-process inventory at May 1 is $13,800. The assembly department’s production cost report for the month of May shows that the number of transferred-in units is 68,000.

Required

1. Fill in the missing amounts in the quantity schedule and complete the equivalent units and costs.

2. Complete the cost assignment part of the production cost report.