(Solved by Humans)-Problem 17-53 FIRST-IN, FIRST-OUT METHOD; SINGLE-DEPARTMENT ANALYSIS; ONE COST CATEGORY Jbooth...

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Problem 17-53 FIRST-IN, FIRST-OUT METHOD; SINGLE-DEPARTMENT ANALYSIS; ONE COST CATEGORY Jbooth Company produces a product that passes through an assembly process and a fin- ishing process. All manufacturing costs are added uniformly for both processes. The fol- lowing information was obtained for the assembly department for March: a.        WIP, March 1, had 48,000 units (60 percent completed) and the following costs: Direct materials $186,256 Direct labor 64,864 Overhead applied 34,400 b.        During March, 138,400 units were completed and transferred to the finishing department, and the following costs were added to production:   Direct materials $267,880 Direct labor 281,280 Overhead applied 117,144   c.         On March 31, there were 21,600 partially completed units in process. These units were 70 percent complete.           Required: Prepare a production report for the assembly department for March using the FIFO method of costing. (Carry the unit cost computation to four decimal places.)