(Appendix 6A) FIFO; Production Report Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in gallons. Aztec uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following information: Production: Units in process, Duly 1, 40% complete Units completed and transferred out Units in process, July 31, 45% complete 22,000 gallons 142,000 gallons 24,000 gallons Costs: $44,000 Work in process, July 1 Costs added during July 360,000 Required: Prepare a production report. Aztec Inc. Mixing Department Production Report For the Month of July (FIFO Method) Unit Information Physical flow: Units to account for: Units in beginning WIP Units 22.000 Printem Aztec Inc. Mixing Department Production Report For the Month of July (FIFO Method) Unit Information Physical flow: Units to account for: Units in beginning WIP Units started Units 22,000 144,000 Total units to account for 166,000 Units to account for: Units Units started and completed From beginning WIP 120,000 22,000 Units in ending WIP 24,000 166,000 Units Total units to account for Equivalent units: Started and completed To complete beginning WIP Units in ending WIP 120,000 13,200 10,800 Total equivalent units 144,000 Cost Information Costs to account for: Dollars $ 360,000 Costs in beginning WIP Costs added by department Total costs to account for Cost per equivalent unit Costs accounted for: 2.30 Total 300,000 Transferred out: Units started and completed Units in beginning work in process: From prior period From current period Total cost transferred out 44,000 X Goods in ending work in process 27,000 Total costs accounted for