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Transferred-in costs, FIFO method (continuation of 17-39). Refer to the information in Problem 17-39. Suppose that Hoffman Company uses the FIFO method instead of the weighted-average method in all of its departments. The only changes to Problem 17-39 under the FIFO method are that total transferred-in costs of beginning work in process on October 1 are $2,879,000 (instead of $2,931,000) and that total transferred-in costs added during October are $9,048,000 (instead of $8,094,000). Using the FIFO process-costing method, complete Problem 17-39.

Transferred-in costs, FIFO method (continuation of 17-39). Refer to the information in Problem 17-39. Suppose that Hoffman Company uses the FIFO method instead of the weighted-average method in all of its departments. The only changes to Problem 17-39 under the FIFO method are that total transferred-in costs of beginning work in process on October 1 are $2,879,000 (instead of $2,931,000) and that total transferred-in costs added during October are $9,048,000 (instead of $8,094,000). Using the FIFO process-costing method, complete Problem 17-39.

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